Art Technology Acquisition Corp. Announces the Closing of Full Exercise of IPO Over-Allotment Option
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Art Technology Acquisition Corp. announced the full exercise of its IPO over-allotment option, resulting in the purchase of an additional 3,300,000 units at $10.00 each, generating approximately $33 million in gross proceeds. This brings the total units sold to 25,300,000, with total gross proceeds of $253 million. The units consist of one Class A ordinary share and one-fourth of a warrant. The shares and warrants are expected to be listed on NASDAQ under the symbols "ARTC" and "ARTCW."
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