Alchemy Investments Acquisition Corp 1 Announces Closing of $115 Million Initial Public Offering and Full Exercise of Over-Allotment Option

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.