NEW
YORK, May 10, 2023 /PRNewswire/ -- Alchemy
Investments Acquisition Corp 1 (NASDAQ: ALCY) (the "Company"), a
special purpose acquisition company formed for the purpose of
entering into a business combination with one or more businesses,
today announced the closing of its initial public offering of
10,000,000 units at a price of $10.00
per share and the sale of an additional 1,500,000 units at
$10.00 per share pursuant to the
underwriters' full exercise of their over-allotment option. Total
gross proceeds from the offering were $115
million before deducting underwriting discounts and
commissions and other offering expenses payable by the Company. The
Company's management team is led by Steven
M. Wasserman, as Non-Executive Chairman, Mattia Tomba, as Co-Chief Executive Officer,
Vittorio Savoia, as Co-Chief
Executive Officer, and Harshana Sidath
Jayaweera, as Chief Financial Officer. The Company's units
began trading on the Nasdaq Global Market under the ticker symbol
"ALCYU" on May 5, 2023.
Cantor Fitzgerald & Co. acted as sole book-running manager
for this offering. The offering was made only by means of a
prospectus. Copies of the final prospectus related to the offering
may be obtained from: Cantor Fitzgerald & Co., Attn: Capital
Markets Department, 499 Park Avenue, 5th Floor, New York, New York 10022, email:
prospectus@cantor.com.
A registration statement relating to the securities became
effective on May 4, 2023 in
accordance with Section 8(a) of the Securities Act of 1933, as
amended. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy, nor shall there be any sale
of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute
'forward-looking statements', including with respect to the
anticipated use of the net proceeds. No assurance can be given that
the net proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company's registration
statement and prospectus for the Company's offering filed with the
Securities and Exchange Commission ("SEC"). Copies are available on
the SEC's website, www.sec.gov. The Company undertakes no
obligation to update these statements for revisions or changes
after the date of this release, except as required by law.
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SOURCE Alchemy Investments Acquisition Corp 1