MergerMay 21, 2026, 04:08 PM
ALCY to Merge with Cartiga for $540M Equity Value
AI Summary
Alchemy Investments Acquisition Corp 1 (ALCY) announced a Business Combination Agreement with Cartiga, LLC, valuing Cartiga at $540,000,000. The transaction will involve ALCY domesticating to Delaware, with its subsidiary Pubco being renamed Cartiga Holdings, Inc. and operating in an "Up-C" structure. Concurrently, ALCY reported a net loss of $(331,900) for the three months ended March 31, 2026, an increase from $(301,497) in the prior year period, and an increase in total liabilities and shareholders' deficit.
Key Highlights
- Alchemy Investments Acquisition Corp 1 (ALCY) entered a Business Combination Agreement with Cartiga, LLC on August 22, 2025.
- The Equity Value for Cartiga in the proposed merger is $540,000,000.
- ALCY will domesticate to Delaware, and Pubco will be renamed Cartiga Holdings, Inc. post-merger.
- Net loss for the three months ended March 31, 2026, was $(331,900), compared to $(301,497) in Q1 2025.
- Total Assets increased to $9,131,905 as of March 31, 2026, from $8,892,310 as of December 31, 2025.
- Investments held in Trust Account rose to $8,957,232 from $8,813,038.
- Total Liabilities increased to $9,259,816 from $8,688,322.
- Shareholders' Deficit increased to $(8,985,142) from $(8,509,049).
Price Impact
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