Alchemy Investments Acquisition 1, a blank check company targeting deep technology with a focus on data analytics, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
The company is led by Chairman Steven Wasserman, a Principal of MSP Sports Capital; Co-CEO and Director Mattia Tomba, a Partner at M&M Investments; and Co-CEO and Director Vittorio Savoia, the founder, Managing Director, and CEO of FIDES Holdings. The SPAC plans to leverage management's experience to target deep technology with a focus on data analytics, which includes possible applications in a variety of industries, such as energy, agriculture, and telecommunications, among others.
Alchemy Investments Acquisition 1 plans to list on the Nasdaq under the symbol ALCYU. Cantor Fitzgerald acted as sole bookrunner on the deal.
