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ALCYU

Alchemy Investments Acquisition Corp 1

ALCYU

Alchemy Investments Acquisition Corp 1 • NASDAQ
$11.40 ▲ 0.00% (+0.00)
Market Cap $47.89 M
52w High $13.11
52w Low $10.80
Dividend Yield 0%
P/E 0
Volume 230
Outstanding Shares 4.48M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $0 ▼ $-341.897K ▼ 0% $-0.08 ▼ $0 ▲
Q2-2025 $0 $321.051K ▼ $-220.257K ▲ 0% $-0.049 ▲ $-192.007K ▲
Q1-2025 $0 ▼ $401.439K ▼ $-301K ▼ 0% ▼ $-0.067 ▼ $-273K ▼
Q4-2024 $1.202M ▲ $443.016K ▲ $63.925K ▼ 5.317% ▲ $0.012 ▼ $91.902K ▲
Q3-2024 $0 $158.154K $1.456M 0% $0.13 $-158K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $319.258K ▲ $9.025M ▼ $8.586M ▲ $-8.124M ▼
Q2-2025 $161.205K ▼ $12.503M ▲ $7.931M ▲ $4.572M ▼
Q1-2025 $351.999K ▲ $12.495M ▲ $7.703M ▲ $4.792M ▼
Q4-2024 $181.174K ▼ $12.098M ▼ $7.005M ▲ $5.094M ▲
Q3-2024 $339.638K $125.905M $6.517M $-5.953M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2025 $-301.497K ▼ $-429.175K ▼ $0 ▼ $600K ▲ $170.825K ▲ $-429.175K ▼
Q4-2024 $63.925K ▼ $-158.464K ▲ $114.358M ▲ $-114.358M ▼ $-158.464K ▲ $-158.464K ▲
Q3-2024 $1.456M ▲ $-232.758K ▼ $0 $0 ▼ $-232.758K ▼ $-232.758K ▼
Q2-2024 $1.314M ▼ $-86.815K ▲ $0 $530K ▲ $443.186K ▲ $-86.815K ▲
Q1-2024 $1.414M $-180.531K $0 $0 $-180.531K $-180.531K

Five-Year Company Overview

Income Statement

Income Statement Alchemy is a classic SPAC: it has no real operating business, no meaningful revenue and no traditional profits from selling products or services. The positive earnings per share that do appear are likely driven by items such as interest on the trust account or accounting adjustments, not by underlying business performance. Until a merger closes and a real operating company sits behind the ticker, the income statement mainly reflects the mechanics of a cash shell rather than an ongoing business trend.

Balance Sheet

Balance Sheet The balance sheet is very small and simple, dominated by cash-like assets with no reported debt and equity that essentially mirrors the asset base. This is typical for a SPAC: it is mostly a pool of money raised from investors, held to fund a future deal or to be returned if no deal happens. The strength here is low leverage and a clean structure; the risk is that the value of this cash pool will be consumed by transaction costs, redemptions, or a less favorable deal if the merger process drags on or changes in scope.

Cash Flow

Cash Flow Cash flows are minimal and largely reflect routine SPAC expenses rather than business operations or investment activity. There is no capital spending because there is no operating business yet. Most of the economic reality sits in the separate trust account that is not visible as a normal operating cash flow stream. In practice, cash flow quality will only become meaningful after a merger, when the acquired company’s ability to generate and reinvest cash can be evaluated.

Competitive Edge

Competitive Edge As a shell company, Alchemy itself has no competitive moat, products, or customers. Its role is to source and execute a merger on reasonable terms before its deadline. The more relevant competitive story lies with its proposed target, Cartiga, which operates in litigation finance—a niche, data-heavy corner of financial services. Cartiga appears to have a meaningful edge through its large proprietary legal-claims database, analytics-driven underwriting, and experience in structured finance, operating in a fragmented market that is not well served by traditional lenders. The main competitive risks are the growing interest of other capital providers in litigation finance and the need to keep its data and underwriting advantage ahead of rivals.

Innovation and R&D

Innovation and R&D Alchemy itself is not an innovator; it is a financial vehicle. The innovation discussion really belongs to Cartiga, the intended merger partner. Cartiga’s edge is its heavy use of data analytics and machine learning to price and monitor legal claims, supported by a large, proprietary dataset built over many years. It has invested meaningfully in technology and systems rather than in traditional physical assets. Future upside depends on continuing to improve these analytics, rolling out more software-like tools for law firms, and using its information advantage to scale across a broader set of legal finance products. Execution risk remains: the company must keep its models accurate, its data fresh, and its technology spend disciplined.

Summary

ALCYU today is best thought of as a temporary cash shell whose financials mainly reflect SPAC accounting rather than an operating business. The income statement, balance sheet, and cash flows are all typical of this structure: little to no revenue, a small equity base backed largely by cash-like assets, and minimal real economic activity. The real story—and the real risk and opportunity—sits in the proposed combination with Cartiga, a data-driven litigation finance platform. If the merger closes, analysis will need to shift from SPAC mechanics to Cartiga’s fundamentals: the durability of its data and analytics advantage, its ability to grow in a fragmented legal finance market, its risk management across legal claims, and its capacity to turn those capabilities into stable cash generation. Until then, the key uncertainties are deal completion, merger terms, redemptions, and how much of the current cash pool ultimately supports the future combined company versus being returned or consumed by transaction costs.