Alchemy Investments Acquisition Corp. 1

General Information
Business:

Alchemy Investments Acquisition Corp. 1 is a special purpose acquisition company (SPAC or blank-check company) incorporated under the laws of the Cayman Islands.

We intend to look at deep technology with a focus on data analytics. We plan to focus on companies acquiring, processing, analyzing, and utilizing data acquired from a variety of systems and sources. This data may be used to enable and deliver applications such as: remote sensing, telecommunications, financial trading, environmental monitoring, greenhouse gas emissions monitoring, business intelligence, precision agriculture, infrastructure monitoring, space traffic monitoring and management, data science, and their adjacent industries.

We intend to seek target businesses with a total enterprise value of at least $500 million. We believe there are a considerable number of potential target businesses within this valuation range that can benefit from new capital for scalable operations to generate substantial revenue and earnings growth.

Steven M. Wasserman is a co-founder and managing partner of Alchemy Investment Management, an affiliate of our sponsor. Mr. Wasserman has been our non-executive chairman since November 2022. Mr. Wasserman, who is also a licensed attorney, has been a principal in MSP Sports Capital, LP., an investment fund specializing in professional sports businesses, since 2019. He previously was the CEO of Seaport Investment Management LLC from 2015 to 2018.

Mattia Tomba and Vittorio Savoia have served as our co-CEOs since November 2022:

  • Mr. Tomba is a co-founder and managing partner of Alchemy Investment Management, an affiliate of our sponsor. He has been a founding investor and the head of International Markets at Tradeteq since 2017. He has also been a Partner at M&M Investments Pte. Ltd., a holding company that invests in technology companies globally and provides debt and equity advice since 2016. He is a research affiliate at the Middle East Institute (MEI) in Singapore. Mr. Tomba began his private equity and investment management career in 2002 with the Merrill Lynch Private Wealth Management team. In 2003, he joined Goldman Sachs, where he was involved in the investment and portfolio management of the bank’s real estate funds until 2008.
  • Mr. Savoia is a co-founder and managing partner of Alchemy Investment Management, an affiliate of our sponsor. Since 2017, he has been the founder, managing director and CEO of FIDES Holdings, a multi-asset alternative investment firm that is active in real estate, venture capital, private equity, middle-market direct lending, sustainable civil and structural engineering, and facilities & maintenance solutions. Mr. Savoia has over 15 years of experience in investment management, alternative asset management, and advising families and financial institutions on complex transactions across Europe and North America. He is an executive member of the Italian Family Offices Association. Mr. Savoia is a member of the Harvard Alumni Entrepreneurs and Investment Industry Association and an alumnus and faculty member of the Harvard Real Estate Alumni Organization. Mr. Savoia received a master’s degree in Business Management, Finance and Control from Harvard University in 2010. He also received a bachelor’s degree with Honours in Business Management from Westminster Business School, UK, in 2008, and Rennes School of Business, France, in 2007.

(Note: Alchemy Investments Acquisition Corp. I priced its SPAC IPO on May 4, 2023, in sync with the terms in its prospectus: 10.0 million units at $10.00 each to raise $100.0 million. At pricing, Alchemy Investments Acquisition Corp. I became the 14th SPAC IPO priced so far in 2023. Alchemy Investments Acquisition Corp. 1 filed its S-1 for its SPAC IPO on Dec. 2, 2022, with these terms: 10 million units at $10.00 each to raise $100.0 million. Each unit has an offering price of $10.00 and consists of one Class A Ordinary Share and one-half of one redeemable warrant.)

Industry: BLANK CHECKS
Employees: 0
Founded: 2021
Contact Information
Address 850 Library Avenue, Suite 204-F Newark, DE 19711
Phone Number (212) 877-1588
Web Address
View Prospectus: Alchemy Investments Acquisition Corp. 1
Financial Information
Market Cap $140.93mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol ALCYU
Exchange NASDAQ
Shares (millions): 10.0
Price range $10.00 - $10.00
Est. $ Volume $100.0 mil
Manager / Joint Managers Cantor
CO-Managers
Expected To Trade: 5/5/2023
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change