NEW YORK, May 5, 2023 /PRNewswire/ -- Alchemy
Investments Acquisition Corp 1 (NASDAQ: ALCY) (the "Company"), a
blank check company formed for the purpose of entering into a
business combination with one or more businesses, priced its
initial public offering of 10,000,000 units at a price of
$10.00 per unit on May 4, 2023. The units will be listed on the
Nasdaq Global Market ("Nasdaq") and trade under the ticker symbol
"ALCYU" beginning May 5, 2023. Each
unit consists of one Class A ordinary share of the Company and
one-half of one warrant. Each whole warrant entitles the holder
thereof to purchase one Class A ordinary share of the Company at a
price of $11.50 per share. Once the
securities comprising the units begin separate trading, the Class A
ordinary shares and warrants are expected to be listed on the
Nasdaq under the symbols "ALCY" and "ALCYW," respectively.
The offering is expected to close on May
9, 2023, subject to customary closing conditions. Cantor
Fitzgerald & Co. is acting as sole book runner for the
offering. The Company has granted the underwriter a 45-day option
to purchase up to an additional 1,500,000 units at the initial
public offering price, to cover over-allotments, if any.
The offering is being made only by means of a prospectus. When
available, copies of the prospectus 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 Statement Regarding Forward-Looking
Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the
proposed initial public offering and the anticipated use of the net
proceeds. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or 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 preliminary 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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