Alchemy Investments Acquisition Corp 1 (ALCY) Prices $100M IPO

Alchemy Investments Acquisition Corp 1 priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ALCYU” Friday, May 5, 2023.

The SPAC intends to acquire a deep technology company with a focus on data analytics. Alchemy Investments 1 is led by Non-Executive Chairman Steven M. Wasserman, Co-CEOs Mattia Tomba and Vittorio Savoia, and CFO Harshana Sidath Jayaweera.

Total SPAC deal count for 2023 year-to-date is now 14. This offering is expected to close on Tuesday, May 9, 2023.

Cantor Fitzgerald & Co. is acting as sole book runner for the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.