Alchemy SPAC extends deadline to Feb 2025; ~93% of public shares redeemed, leaving $11.6M trust

Alchemy Investments Acquisition Corp 1

Shareholders approved extension of business combination deadline to Feb 9, 2025, with monthly extensions to Sep 9, 2025.
10,438,037 Class A shares tendered for redemption, reducing outstanding Class A shares to 4,532,462.
Approximately $114.4M (≈$10.95/share) removed from trust; remaining trust balance is ~$11.6M.
Company to deposit $90,000 into trust account by Nov 9, 2024 for initial three-month extension.
Marcum LLP ratified as independent auditor for fiscal year ending Dec 31, 2024.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Alchemy Investments Acquisition Corp 1: Amended Articles of Association to extend business combination deadline to September 9, 2025, with monthly deposits of $90,000 for first three months then $30,000 per month (effective 2024-10-31).

Change: charter amendment
Effective: 2024-10-31

Exact text from the filing

The shareholders of the Company approved the following proposals at the Annual Meeting: (a) as a special resolution, to amend the Company’s Articles of Association as a special resolution, to provide the Company the right to extend the date by which it has to complete a business combination for a three month extension or until February 9, 2025, then on a month-to-month basis thereafter, as determined by the Directors in their sole discretion, until September 9, 2025, by placing $90,000 into the trust account held at Continental Stock & Transfer Company for the three month period, then $30,000 per month thereafter until September 9, 2025

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Alchemy Investments Acquisition Corp 1 filing history →

Source: SEC EDGAR

accession 0001104659-24-114315

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