m_and_a
confidence high
sentiment neutral
materiality 0.85
ALCY signs definitive merger with Cartiga, LLC at $540M enterprise value
Alchemy Investments Acquisition Corp 1
- Equity value of $540M; Cartiga shareholders receive OpCo Units and Class B non-economic shares in Pubco.
- Post-closing leadership: Samuel Wathen as CEO, Michael Bogansky as CFO, James Brady, Ryan Melcher.
- Sponsor shares subject to forfeiture if trust cash <$40M at close; tiered reduction down to 1.7M shares if <$5M.
- Lock-up on consideration for 6 months post-close; early release if stock ≥$12 for 20 of 30 days after 150 days.
- Closing conditions include $40M min cash, HSR clearance, Nasdaq listing, shareholder votes; termination date May 1, 2026.
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