Business
Alchemy Investments Acquisition Corp. 1 Announces Evaluation of Potential Private Investment in Public Equity to Support Business Combination Transaction with Cartiga
Cartiga Recently Effected First Close of New Asset Management FundNEW YORK, March 24, 2026 /PRNewswire/ -- Alchemy Investments Acquisition Corp. 1 'Alchemy'
About this update from Alchemy Investments Acquisition Corp 1
[{"type":"text","content":"Cartiga Recently Effected First Close of New Asset Management FundNEW YORK, March 24, 2026 /PRNewswire/ -- Alchemy Investments Acquisition Corp. 1 'Alchemy' (NASDAQ: ALCY), a publicly traded special purpose acquisition company, today announced that it is evaluating a potential private investment in public equity (\"PIPE\") to support its proposed business combination transaction with Cartiga, LLC (\"Cartiga\") and the post-closing business plan.\nAlchemy, Cartiga and their advisors have commenced preliminary discussions with potential investors regarding a possible PIPE financing. No definitive agreements with respect to any PIPE financing have been entered into to date, and there can be no assurance that Alchemy will enter into any such definitive agreements or consummate any PIPE financing on any particular terms, or at all.Any securities that may be offered in any PIPE financing would not be registered under the Securities Act of 1933, as amended (the \"Securities Act\"), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.Additionally, on March 10, 2026, Cartiga completed its first closing of the LBS Income Fund (the \"Fund\"), a new private credit vehicle managed by an investment advisor subsidiary. The initial closing was anchored by a subscription from a leading global alternative asset manager. The Fund is designed to provide institutional investors with direct asset exposure to Cartiga's litigation finance origination platform across its consumer pre-settlement advance and commercial attorney financing verticals.Cartiga's CEO Sam Wathen commented: \"In concert with our new Fund, we believe our public listing via business combination with Alchemy, and the prospective PIPE, will position Cartiga to capitalize on the meaningful organic growth and consolidation opportunities we see in the litigation finance and legal services sector. We believe Cartiga is exceptionally well positioned to drive future growth through two complementary engines: continued origination of differentiated assets across the Fund and our balance sheet, and prospective fee revenue generation through synthetic equity participations in law firms and cases utilizing our Arizona alternative business structure and potential managed services organization ...