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SPAC Alchemy Investments Acquisition Corp. I (ALCY) (ALCYU) has filed to boost $100M to hunt out a enterprise mixture within the knowledge analytics area.
Alchemy intends to supply 10M models at $10 apiece. Every unit would consist of 1 share plus one-half of 1 warrant. One full warrant is redeemable for one share on the train worth of $11.50. The corporate hopes to checklist its models on Nasdaq underneath the image ALCYU.
Underwriters could be granted a 45-day choice to purchase as much as 1.5M extra models to cowl over-allotments. Cantor is serving as sole bookrunner. The SPAC is backed by Alchemy DeepTech Capital.
Alchemy may have as much as 15 months, or 18 months if sure extensions are permitted, to finish an preliminary enterprise mixture or face liquidation. The SPAC will probably be specializing in corporations engaged in deep tech, ideally knowledge analytics, however is just not restricted to that sector.
After a banner 2021, SPACs have had a tough journey this 12 months discovering appropriate merger companions amid a declining market. Final week, a number of SPACs opted to wind down forward of their termination deadlines, together with One Fairness Companions Open Water I (OEPW) and Altimeter Development II (AGCB).
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