ALCYU

Alchemy Investments Acquisition Corp 1 (ALCYU) operates as a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is headquartered in Boston, Massachusetts. ALCYU's units consist of one share of Class A common stock and one-half of one redeemable warrant, with each whole warrant entitling the holder to purchase one share of Class A common stock at an exercise price of $11.50 per share. The SPAC raised $150 million through its initial public offering in February 2021, with its securities trading on the NYSE. Alchemy Investments focuses on identifying target companies in the technology, media, and telecommunications sectors, particularly businesses that demonstrate strong growth potential and innovative business models. The company's management team brings experience from private equity, investment banking, and operational leadership roles. As a blank check company, ALCYU does not generate operating revenue but instead manages the capital raised from its IPO in a trust account while conducting its search for a suitable business combination target. The company typically has a limited timeframe, generally 18 to 24 months from the completion of its IPO, to complete its initial business combination.