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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content:https://www.prnewswire.co.uk/news-releases/alchemy-investments-acquisition-corp-1-announces-closing-of-115-million-initial-public-offering-and-full-exercise-of-over-allotment-option-301820625.html