Alchemy Investments Acquisition Corp 1
ALCYW
NASDAQ Global Market0.09
USD
-0.09
- -
Alchemy Investments Acquisition Corp 1
ALCYW
(NASDAQ Global Market)
Recent
price
0.09
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Alchemy Investments Acquisition Corp 1 is a special purpose acquisition company (SPAC) founded in 2021 and headquartered in Newark, Delaware. The company primarily operates in the blank check industry with the objective of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, focusing on deep technology and data analytics sectors. Its core business is structured around raising capital through public offerings, having completed an initial public offering raising $115 million in gross proceeds, and trading on the Nasdaq Global Market under the ticker symbol ALCYU. The company targets acquisitions in industries involving remote sensing, telecommunications, financial trading, environmental monitoring, greenhouse gas emissions tracking, business intelligence, precision agriculture, infrastructure monitoring, space traffic management, and related data science applications. It aims to leverage its management team's expertise and network to identify businesses with strong growth potential and unique market positions. In the last two years, the company has signed a non-binding letter of intent with Cartiga LLC, a platform in alternative asset management and direct origination in the U.S. litigation and legal services market, which utilizes advanced data analytics to enhance underwriting and portfolio management. It recently garnered increased institutional interest, notably through Wolverine Asset Management LLC acquiring a significant stake. The company continues to seek businesses that can benefit from access to capital markets and operational expertise to support growth and profitability, with strategic focus on sectors characterized by innovation such as SaaS, artificial intelligence, and cybersecurity, while also exploring critical minerals sectors relevant to national security. Its management team includes Steven M. Wasserman as Non-Executive Chairman and Co-Chief Executive Officers Mattia Tomba and Vittorio Savoia. The company operates primarily in the United States but maintains connections and potential interest globally for cross-border business combinations. The company does not currently manufacture or sell physical products but functions as a financial vehicle facilitating corporate acquisitions and capital market entry for target companies.