Alchemy Investments Acquisition Corp. 1

10/28/2024 | Press release | Distributed by Public on 10/28/2024 04:01

Private Placement Form 8 K

Item 3.02 Unregistered Sales of Equity Securities.

On October 22, 2024, Alchemy Investments Acquisition Corp 1 (the "Company") issued an aggregate of 2,874,999 shares of its Class A ordinary shares, par value $0.0001 per share ("Class A Shares") to Alchemy Deeptech Capital LLC, the sponsor of the Company ("Sponsor"), and the holder of the Company's Class B ordinary shares, par value $0.0001 per share ("Class B Shares"), upon the conversion of an equal number of Class B Shares (the "Conversion"). The 4,874,999 Class A Shares issued in connection with the Conversion are subject to the same restrictions as applied to the Class B Shares before the Conversion, including, among other things, certain transfer restrictions, waiver of redemption rights and the obligation to vote in favor of an initial business combination as described in the prospectus for our initial public offering. Following the Conversion, there are 14,970,499 Class A Shares and one Class B Share issued and outstanding. The issuance of Class A Shares upon the Conversion has not been registered under the Securities Act of 1933, as amended, in reliance on the exemption from registration provided by Section 3(a)(9) thereof.