other material
confidence high
sentiment neutral
materiality 0.70
Alchemy Investments Acquisition Corp 1 consummates IPO of 11.5M units at $10/unit, $115M gross proceeds
Alchemy Investments Acquisition Corp 1
- IPO of 11,500,000 units at $10.00 per unit, including full over-allotment exercise, generated $115M gross proceeds.
- Concurrent private placement of 595,500 private placement shares at $10.00 per share raised $5.955M.
- Net proceeds of $116.725M placed in trust account with Continental Stock Transfer & Trust as trustee.
- Audited balance sheet as of May 9, 2023 filed as Exhibit 99.1; cash outside trust of $1.495M for working capital.
- Company must complete initial business combination by November 9, 2024 or liquidate.