Alchemy Investments Acquisition Corp. 1
General Information | |
Business: | Alchemy Investments Acquisition Corp. 1 is a special purpose acquisition company (SPAC or blank-check company) incorporated under the laws of the Cayman Islands. We intend to look at deep technology with a focus on data analytics. We plan to focus on companies acquiring, processing, analyzing, and utilizing data acquired from a variety of systems and sources. This data may be used to enable and deliver applications such as: remote sensing, telecommunications, financial trading, environmental monitoring, greenhouse gas emissions monitoring, business intelligence, precision agriculture, infrastructure monitoring, space traffic monitoring and management, data science, and their adjacent industries. We intend to seek target businesses with a total enterprise value of at least $500 million. We believe there are a considerable number of potential target businesses within this valuation range that can benefit from new capital for scalable operations to generate substantial revenue and earnings growth. Steven M. Wasserman is a co-founder and managing partner of Alchemy Investment Management, an affiliate of our sponsor. Mr. Wasserman has been our non-executive chairman since November 2022. Mr. Wasserman, who is also a licensed attorney, has been a principal in MSP Sports Capital, LP., an investment fund specializing in professional sports businesses, since 2019. He previously was the CEO of Seaport Investment Management LLC from 2015 to 2018. Mattia Tomba and Vittorio Savoia have served as our co-CEOs since November 2022:
(Note: Alchemy Investments Acquisition Corp. I priced its SPAC IPO on May 4, 2023, in sync with the terms in its prospectus: 10.0 million units at $10.00 each to raise $100.0 million. At pricing, Alchemy Investments Acquisition Corp. I became the 14th SPAC IPO priced so far in 2023. Alchemy Investments Acquisition Corp. 1 filed its S-1 for its SPAC IPO on Dec. 2, 2022, with these terms: 10 million units at $10.00 each to raise $100.0 million. Each unit has an offering price of $10.00 and consists of one Class A Ordinary Share and one-half of one redeemable warrant.) |
Industry: | BLANK CHECKS |
Employees: | 0 |
Founded: | 2021 |
Contact Information | |
Address | 850 Library Avenue, Suite 204-F Newark, DE 19711 |
Phone Number | (212) 877-1588 |
Web Address | |
View Prospectus: | Alchemy Investments Acquisition Corp. 1 |
Financial Information | |
Market Cap | $140.93mil |
Revenues | $0 mil (last 12 months) |
Net Income | $0 mil (last 12 months) |
IPO Profile | |
Symbol | ALCYU |
Exchange | NASDAQ |
Shares (millions): | 10.0 |
Price range | $10.00 - $10.00 |
Est. $ Volume | $100.0 mil |
Manager / Joint Managers | Cantor |
CO-Managers | |
Expected To Trade: | 5/5/2023 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |