Alchemy Investments Acquisition Corp 1 is a Cayman Islands-based SPAC focused on acquiring deep technology companies specializing in data analytics and related fields, with no current operational revenues or customers as of early 2025.

# Company Summary - Alchemy Investments Acquisition Corp 1

## General Overview
- **Type:** Blank check company (special purpose acquisition company - SPAC)
- **Jurisdiction:** Cayman Islands
- **Inception:** October 27, 2021
- **Purpose:** To complete a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more operating businesses

## Business Focus
- **Industry Focus:** Deep technology, specifically in data analytics and related fields
- **Target Sectors & Applications:**
  - Data acquisition, processing, and analysis
  - Remote sensing
  - Telecommunications
  - Financial trading
  - Environmental monitoring (including greenhouse gas emissions)
  - Business intelligence
  - Precision agriculture
  - Infrastructure monitoring
  - Space traffic monitoring and management
  - Data science and adjacent industries

## Operations & Revenue
- **Current Status:** No operational business or revenue to date
- **Activities:** Searching and evaluating potential business combination targets
- **Revenue:** Has not generated operating revenues
- **Non-operating income:** Interest income from marketable securities in trust; for the fiscal year ending December 31, 2024, net income was approximately **$4.25 million**, consisting of:
  - Loss from general and administrative expenses (~$1.19 million)
  - Offset by interest and dividends earned (~$5.44 million)
  
## Shareholder & Financial Details
- **Shareholders:** 
  - As of June 30, 2024, market value of shares held by non-affiliates: **$123.3 million**
  - As of April 2, 2025, issued and outstanding:
    - 4,532,462 Class A ordinary shares (par value $0.0001)
    - 1 Class B ordinary share (par value $0.0001)
- **Initial Capital & Funding:**
  - **Initial offering:** 11.5 million units at $10.00 each, gross proceeds of **$115 million**
  - **Private placement:** 538,000 shares at $10.00 each to sponsor (~$5.4 million) and 57,500 shares to underwriters (~$0.58 million)
  - **Trust Account (as of Dec 31, 2024):** Approximately **$11.8 million** available
  - **Cash on hand (as of Dec 31, 2024):** ~$181,174 outside of trust
- **Operational Capital & Expenses:** 
  - No revenue, high costs due to search and evaluation activities
  - Working capital deficit (~$1.58 million)

## Business Strategy
- **Target Industries:** Focus on deep technology and data analytics-related companies
- **Application Fields:**
  - Remote sensing
  - Telecommunications
  - Financial trading
  - Environmental monitoring including greenhouse gases
  - Business intelligence
  - Precision agriculture
  - Infrastructure & space traffic monitoring
  - Data science
- **Approach:** Use extensive management network, industry expertise, and strategic advice to find and complete a suitable business combination

## Business Operations & Future Plans
- **Current Activities:** No active operations, only searching for acquisition targets
- **Initial Business Combination Deadline:** October 9, 2025 (with extensions possible)
- **Redemption & Liquidity:** Shareholders can redeem shares for approximately $10.15 per share in trust (as of December 31, 2024)
- **Potential Risks:** No revenues, reliance on trust funds and future business deals, no operating history, and competition with other SPACs and private equity entities in technology sectors

## Employees & Management
- **Employees:** 3 executive officers, no full-time employees
- **Management Team:** Experienced professionals in finance, investments, and business operations with backgrounds in private equity, asset management, and related fields

**Note:** The company is in an active search phase with no current operational revenues or customers, focusing on identifying and completing a suitable business combination in their targeted sectors.

The company is a blank check entity focusing on deep technology and data analytics for potential business combinations.

# Company Overview

## General Information
- **Name**: The company is a blank check company incorporated on October 27, 2021, as a Cayman Islands exempted company.
- **Purpose**: The primary objective is to complete a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, termed as the initial business combination.

## Business Focus
- **Industry Focus**: The company intends to focus on **deep technology**, specifically emphasizing **data analytics**.
- **Applications of Interest**: 
  - Remote sensing
  - Telecommunications
  - Financial trading
  - Environmental monitoring
  - Greenhouse gas emissions monitoring
  - Business intelligence
  - Precision agriculture
  - Infrastructure monitoring
  - Space traffic monitoring and management
  - Data science, along with adjacent industries

## Management Team
- **Key Personnel**: 
  - **Steven M. Wasserman**: Non-Executive Chairman
  - **Mattia Tomba & Vittorio Savoia**: Co-CEOs
  - **Harshana Sidath Jayaweera**: Chief Financial Officer
  - Additional board members include Debbie S. Zoldan, Pablo Terpollili, and Carlo Tursi.

## Financial Position
- **Current Financial Status**: As of December 31, 2023, the company has around **$115,489,565** available in their trust account.
- **Working Capital**: The company has a working capital deficit of **$343,564** as of December 31, 2023.

## Operations and Revenue
- **Revenue Generation**: To date, the company has **not generated any revenue** nor has it engaged in any operations.
- **Employment**: The company currently has three executive officers and does not have any full-time employees prior to the consummation of a business combination.
- **Customers and Clients**: The company has **no reported customers** as it has yet to complete an initial business combination.

## Strategic Goals
- **Acquisition Strategy**: 
  - The company plans to leverage the extensive networks and experience of its management team to source attractive business combination opportunities.
  - There is a specific focus on companies that can derive value through international capital markets and those capable of substantial growth in their respective sectors.

## Long-Term Vision
- The company looks to utilize its cash reserves effectively to enhance the growth and expansion of acquired target businesses while generating shareholder value. 

**Key Note on Performance**: The past performance of the management team is not a guarantee of future performance, and prospective investors should be cautious of potential risks related to the inherent uncertainties surrounding business combinations and investment outcomes. 

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### Important Considerations
- **Expiration of Shares**: The founder shares will become worthless if an initial business combination is not accomplished within **18 months** of the IPO. This may incentivize management to pursue a transaction at the expense of shareholders’ interests.
- **Regulatory Review**: Potential business combinations may be subject to extensive review, such as oversight by the Committee on Foreign Investment in the United States (CFIUS), affecting the timeline and feasibility of acquiring target businesses.
- **Market Volatility**: External market conditions, such as inflation and geopolitical events, may further affect the company’s ability to complete its merger or acquisition plans.

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This summary encapsulates the company's operations, management, financial position, and strategic focus, adequately providing insights into its current standing and future direction.

Alchemy Investments Acquisition Corp 1

10-K / April 3, 2025

10-K / April 16, 2024

10-K / April 3, 2025

Company Summary - Alchemy Investments Acquisition Corp 1

General Overview

Business Focus

Operations & Revenue

Shareholder & Financial Details

Business Strategy

Business Operations & Future Plans

Employees & Management