AGM/EGMJul 29, 2026, 04:09 PM
Alchemy Investments to Vote on Extension for Cartiga Merger
AI Summary
Alchemy Investments Acquisition Corp 1 (ALCY) announced an Annual General Meeting for September 1, 2026, where shareholders will vote on extending the deadline to complete its proposed business combination with Cartiga, LLC. The extension is sought to move the termination date from September 9, 2026, to September 9, 2027. ALCY's securities were delisted from Nasdaq in May 2026 due to not completing a business combination within the required timeframe and now trade on OTC Markets. The company's sponsor has committed to contributing funds for each monthly extension if approved.
Key Highlights
- Annual General Meeting scheduled for September 1, 2026, to vote on key proposals.
- Shareholders to vote on extending the business combination deadline from September 9, 2026, to September 9, 2027.
- Proposed business combination with Cartiga, LLC involves ALCY domesticating to Delaware and merging into Cartiga Holdings, Inc.
- ALCY's securities were delisted from Nasdaq on May 14, 2026, and now trade on OTC Markets.
- Sponsor will contribute up to $30,000 or $0.03 per non-redeemed public share for each monthly extension period.
- Shareholders have redemption rights for their public shares in connection with the Extension Proposal.
- Previous redemptions in October 2024 and September 2025 significantly reduced public shares and trust account funds.
Price Impact
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