Alchemy Investments Acquisition Corp 1
ALCYU
NASDAQ Global Market13.50
USD
- -
- -
CIK
0001901336
ISIN
KYG0232F1173
Return %
Stock
S&P500
1Y
18.32
26.53
3Y
32.61
76.60
5Y
33.14
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Vittorio Savoia
- Full Time Employees
- 3
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 850 Library Avenue Newark DE United States of America 19711
- IPO Date
- May 15, 2023
- CIK
- 0001901336
- Website
- alchemyinvest.co
- Similar Companies
- Business
- Alchemy Investments Acquisition Corp 1 (NASDAQ: ALCY/ALCYU) is a blank check company, or special purpose acquisition company (SPAC), incorporated in the Cayman Islands and formed for the purpose of effecting a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, with a focus on technology-enabled companies in data acquisition, processing, analysis, and utilization sectors. The company does not currently engage in significant operations and generates no revenue; its sole activity centers on identifying and completing a de-SPAC transaction within a standard tenor of 18 months plus potential extensions. Its units, comprising one Class A ordinary share and one-half of one redeemable warrant, trade on the Nasdaq Global Market. Founded in 2021 and headquartered at 850 Library Avenue, Suite 204-F, Newark, Delaware, with operational presence spanning New York, Milan, and Dubai, the company targets global opportunities, particularly in technology and diversified financial services industries such as litigation finance and data-driven asset management. Leadership includes Non-Executive Chairman Steven M. Wasserman, Co-Chief Executive Officers Mattia Tomba and Vittorio Savoia, and Chief Financial Officer Harshana Sidath Jayaweera, who bring expertise from Alchemy Investment Management. The company raised $115 million in gross proceeds through its initial public offering of 11.5 million units at $10.00 per share in May 2023, underwritten by Cantor Fitzgerald, with approximately 101.5% of IPO proceeds held in trust. In a pivotal recent development, Alchemy Investments Acquisition Corp 1 entered into a definitive business combination agreement on August 25, 2025, with Cartiga, LLC, a data-driven asset management platform specializing in litigation finance, valuing the transaction at approximately $540 million and positioning Cartiga for public listing as a leading provider of funding for legal claims and law firms. This follows a non-binding letter of intent signed earlier in May 2025, reflecting strategic progress toward de-SPAC completion amid customary closing conditions, including shareholder approval and regulatory clearances. The deal leverages Cartiga's over 20-year track record, proprietary database of more than 250,000 litigation-linked assets across 8,000+ lawyers and firms, and $20 million in recent IT investments, enabling Alchemy to pivot into the U.S./Canada-focused litigation finance segment. An amendment vote occurred on September 4, 2025, supporting ongoing merger efforts.
Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCYU) Trading Down 10% – Time to Sell?
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