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Bloomberg Finance Expert: Analyzing Market Trends and Financial News
ByAinvest
Monday, Aug 25, 2025 11:03 am ET1min read
The article is not provided in the text, so I cannot provide a summary.
Alchemy Investments Acquisition Corp 1 (NASDAQ: ALCY), a special purpose acquisition company (SPAC), has announced a definitive business combination agreement with Cartiga, LLC, a leading litigation finance asset management platform. The merger will position Cartiga as a public company with access to capital markets.Cartiga brings a 20+ year investment track record and a proprietary database of over 250,000 litigation-linked asset fundings across 8,000+ unique lawyers and law firms. The company has invested over $20 million in IT and product development since 2020. The merger targets opportunities in the $300+ billion legal services sector, which represents approximately 1.4% of GDP.
This business combination follows several significant developments for Alchemy Investments Acquisition Corp 1. In May 2025, the company signed a non-binding letter of intent with Cartiga, LLC. The company also announced the closing of its $115 million initial public offering (IPO) in May 2023 and the full exercise of its over-allotment option. Additionally, the company priced its $100 million IPO in May 2023.
The current stock price of ALCHEMY INVTS ACQUISITN 1 (ALCY) is $11.65 as of August 25, 2025, with a market cap of approximately $53.0 million.
References:
[1] https://www.stocktitan.net/news/ALCY/
[2] https://www.easemate.ai/ai-pdf-solutions/how-to-ask-chatgpt-to-summarize-a-research-paper.html
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