Alchemy Investments Acquisition 1 registered to offer 10 million units at $10 each. A unit consists of one Class A ordinary share and one-half of a warrant.
Alchemy plans to target companies engaged in data analytics, including remote sensing, telecommunications, financial trading, environmental monitoring, greenhouse gas emissions monitoring, business intelligence, precision agriculture, infrastructure monitoring, space traffic monitoring and management, data science, and their adjacent industries.
Chairman Steven M. Wasserman is co-founder and managing partner of Alchemy Investment Management, an affiliate of the sponsor. Wasserman has been a principal in MSP Sports Capital, an investment fund specializing in professional sports businesses, since 2019. He served as vice chairman of The Roosevelt Investment Group, an investment advisory firm, from 2018 to 2021 and was previously CEO of Seaport Investment Management.
Cantor is sole book-running manager.
The new SPAC intends to apply for a Nasdaq listing under the symbol ALCYU. Read more.
