Art Technology Acquisition Corp. filed its Form 10-Q for the quarter ended September 30, 2026, with the SEC on November 10, 2026, reporting net income of $1,762,668 for the three-month period and $5,173,510 for the nine-month period, driven by interest earned on marketable securities held in its Trust Account.

Key Highlights

  • Trust Account balance: Marketable securities held in the Trust Account totaled $259,598,442 as of September 30, 2026.
  • Q3 net income: The company reported net income of $1,762,668 for the three months ended September 30, 2026, compared to a net loss of $48,709 for the period from inception through September 30, 2025.
  • Nine-month net income: Net income of $5,173,510 was reported for the nine months ended September 30, 2026, with interest earned on Trust Account securities of $6,598,442.
  • Shares outstanding: As of November 10, 2026, there were 26,125,000 Class A ordinary shares and 8,708,333 Class B ordinary shares issued and outstanding.
  • Redemption value: 25,300,000 Class A ordinary shares were subject to possible redemption at $10.26 per share as of September 30, 2026.
  • Shareholders' deficit: Total shareholders' deficit was $(9,001,750) as of September 30, 2026, compared to $(92,419) at December 31, 2025.
  • Deferred underwriting fee: The company carried a deferred underwriting fee of $10,780,000 as of September 30, 2026.

Art Technology Acquisition Corp. Q3 2026 Financial Position and Operating Results

According to the filing, Art Technology Acquisition Corp. (NASDAQ:ARTC) is a blank check company incorporated in the Cayman Islands. For the three months ended September 30, 2026, the company reported general and administrative expenses of $587,904, resulting in a loss from operations of $587,904. That operating loss was more than offset by interest earned on marketable securities held in the Trust Account of $2,350,572, producing net income of $1,762,668 for the quarter. For the nine months ended September 30, 2026, general and administrative expenses totaled $1,424,932, while Trust Account interest of $6,598,442 contributed to nine-month net income of $5,173,510.

The condensed balance sheet as of September 30, 2026, showed total assets of $261,699,593, the largest component being the $259,598,442 in marketable securities held in the Trust Account. Current assets included cash of $1,974,926 and prepaid expenses of $107,475. On the liabilities side, the filing reported total liabilities of $11,102,901, which included the $10,780,000 deferred underwriting fee and current liabilities of $322,901. The company disclosed that 25,300,000 Class A ordinary shares were subject to possible redemption at a redemption value of $10.26 per share as of September 30, 2026, accounting for the full $259,598,442 Trust Account balance.

The filing disclosed that shareholders' deficit widened to $(9,001,750) as of September 30, 2026, from $(92,419) at December 31, 2025. This change reflects accretion of Class A ordinary shares subject to redemption totaling $(19,310,353) in the first quarter, offset partially by proceeds from the sale of 825,000 Private Placement Units for $8,250,000, the fair value of Public Warrants at issuance of $1,707,750, and accumulated net income across the nine-month period. The company also disclosed that Clear Street purchased 100,000 founder shares for $1,000 during the period. The registrant identified itself as a shell company, smaller reporting company, and emerging growth company in the filing.

What Was Disclosed

Art Technology Acquisition Corp. disclosed its unaudited financial results for the quarter and nine months ended September 30, 2026, including Trust Account balances, operating losses offset by Trust interest income, share redemption values, and a widening shareholders' deficit driven by accretion of redeemable shares.