Alchemy Investments Acquisition Corp 1 to Merge with Cartiga in Tech-Focused Deal

Alchemy Investments Acquisition Corp 1 is a blank check company formed to complete a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination. The company focuses on technology, particularly data analytics, and has not commenced operations or generated revenue.

Alchemy Investments Acquisition Corp 1 (ALCY), a publicly traded special purpose acquisition company (SPAC), has announced a definitive business combination agreement with Cartiga, LLC, a leading data-driven asset management platform for investing in legal claims and law firms. The proposed business combination aims to leverage Cartiga's extensive investment track record and proprietary database to drive growth and acquire complementary businesses.

The business combination, subject to customary closing conditions, will position Cartiga to utilize public currency to scale its operations and expand its product suite. Cartiga's CEO, Mr. Sam Wathen, expressed his optimism about the partnership, stating that accessing the public markets will enable Cartiga to accelerate growth and deepen its partnerships with law firms.

Alchemy's Co-CEO, Mr. Mattia Tomba, highlighted the potential of the legal services sector, which represents approximately 1.4% of global GDP and has historically been underpenetrated by traditional capital sources. He believes that Cartiga's technology and data-driven approach are well-positioned to capitalize on this opportunity.

The transaction is expected to bring significant benefits to both parties. Cartiga will gain access to public markets and the capital required to drive growth, while Alchemy will benefit from Cartiga's technology and investment expertise in the legal services sector.

The business combination is subject to regulatory approvals and shareholder votes. The documents related to the transaction, including a preliminary proxy statement/prospectus, will be filed with the SEC and will be available to investors and shareholders.

[1] https://www.prnewswire.com/news-releases/cartiga-to-go-public-as-a-leading-litigation-finance-asset-management-platform-via-business-combination-with-alchemy-investments-acquisition-corp-1-302537763.html