Alchemy Investments 1 Closes $115M IPO

Alchemy Investments Acquisition 1 closed its initial public offering of 10 million units and sold an additional 1.5 million units through the ' full exercise of their over-allotment option.

Units began trading May 5 on the under the ticker symbol ALCYU.

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, 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. Read more.

Source: Alchemy Investments 1 Closes 5M IPO