Alchemy Investments Acquisition Corp 1 (ALCY) News & EventsALCYNews & EventsAlchemy Investments Acquisition Corp 1

Alchemy Investments Evaluates PIPE Investment with Cartiga

Alchemy Investments Acquisition Corp. 1 is evaluating a potential private investment in public equity, or PIPE, to support its proposed business combination transaction with Cartiga and the post-closing business plan. Alchemy, Cartiga and their advisors have commenced preliminary discussions with potential investors regarding a possible PIPE financing. No definitive agreements with respect to any PIPE financing have been entered into to date. Any securities that may be offered in any PIPE financing would not be registered under the Securities Act of 1933 and may not be offered or sold in the U.S. absent registration or an applicable exemption from the registration requirements of the Securities Act. Additionally, on March 10, Cartiga completed its first closing of the LBS Income Fund, a new private credit vehicle managed by an investment advisor subsidiary. The Fund is designed to provide institutional investors with direct asset exposure to Cartiga's litigation finance origination platform across its consumer pre-settlement advance and commercial attorney financing verticals.

Alchemy Investments Acquisition Corp 1 signs LOI with Cartiga

Alchemy Investments Acquisition Corp 1 has entered into a non-binding letter of intent with Cartiga in connection with a potential business combination. Cartiga is a specialized alternative investment firm using advanced data analytics to drive investments in litigation finance.