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AI brief of an SEC Form 8-K · Market Technology Acquisition Corp (MTAK)

Market Technology Acquisition closes $205 million IPO; $206.5 million placed in trust

Neutral Impact 3 of 5 financing Written later

Market Technology Acquisition Corp closed its initial public offering of 20,500,000 units on July 27, 2026, generating gross proceeds of $205 million, including a partial exercise of the underwriters' over-allotment option. The company is a blank check company (SPAC) with no business combination announced in this filing, and funds in the trust account can generally not be released until a business combination is completed or shareholders redeem their shares.

Key points

  • IPO of 20,500,000 units at $10.00 per unit, including 500,000 units from the partial over-allotment exercise, for gross proceeds of $205,000,000
  • Concurrent private placement of 712,500 units for $7,125,000, bought by the Sponsor (452,500 units) and BTIG, LLC (260,000 units)
  • $206,500,000 placed in a U.S.-based trust account, equal to $10.05 per unit; the company has 21 months from the IPO closing to complete an initial business combination
  • Gary Greenberg appointed to the board on July 23, 2026, and to the Audit Committee chair role

The filing

CompanyMarket Technology Acquisition Corp (MTAK)
Form8-K, current report
Filed with the SECJul 28, 2026, 5:23 PM ET
Accession number0001213900-26-082377

Items reported: 1.01 Material Definitive Agreement3.02 Unregistered Equity Sale5.02 Director / Officer Change5.03 Bylaw / Charter Amendment8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 28, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.