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Alchemy Investments To Merge With Cartiga In SPAC Deal

Benzinga·08/25/2025 20:32:12
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Transaction Positions Cartiga to Recognize Scale from Prior Technology Investments as well as to Bolster Strategic Acquisition Opportunities

NEW YORK, Aug. 25, 2025 /PRNewswire/ -- Alchemy Investments Acquisition Corp 1 ("Alchemy") (NASDAQ:ALCY), a publicly traded special purpose acquisition company, today announced that it has entered into a definitive business combination agreement (the "BCA") with Cartiga, LLC ("Cartiga" and together with Alchemy, the "Parties"), a leading data driven, tech forward asset management platform for investing in legal claims and law firms.

Transaction Highlights

  • The proposed business combination (the "Business Combination") is designed to leverage Cartiga's 20+ year investment track record, proprietary database of over 250,000 individual litigation-linked asset fundings diversified across 8,000+ unique lawyers and law firms, and over $20 million of IT and product development investments since 2020 and to position Cartiga to utilize public currency to drive growth and acquire complementary businesses
  • The Business Combination is subject to customary closing conditions
  • The Board of Directors of Alchemy and Board of Managers of Cartiga have both unanimously approved the Business Combination