Alchemy Investments Acquisition Corp 1 (ALCY) Form 10-Q — May 21, 2026
Alchemy Investments Acquisition Corp 1 (ALCY) reported a net loss of $331,900 for the three months ended March 31, 2026, citing a material weakness in internal controls over financial reporting related to the accrual of vendor expenses. The company disclosed substantial doubt about its ability to continue as a going concern, with only $86,243 in cash outside its trust account and a working capital deficit of $3.9 million. However, the filing reveals a signed business combination agreement with Cartiga, LLC, valuing the target at $540 million.
Key figures
- Total Debt
- 9259816
- Total Assets
- 9131905
- Cash Position
- 86243
- Deal Value Usd
- 540000000
- Trust Account Balance
- 8957232
- Promissory Note Balance
- 2000000
- Deferred Underwriting Fee
- 5175000
- Shares Outstanding Class A
- 4208042
- Shares Outstanding Class B
- 1
- Public Warrants Outstanding
- 5750000
AI analysis
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