Alchemy Investments Acquisition Corp 1 Reports Q1 2026 Financial Results with Increased Net Loss

Alchemy Investments Acquisition Corp 1 reported its financial results for the first quarter of 2026, revealing a net loss of $331,900, compared to a net loss of $301,497 in the same period of the previous year. The company's operating costs decreased to $362,994 from $401,439 year-over-year, while it recorded a gain on investments held in its Trust Account of $77,816, down from $124,408 in the prior year. The basic and diluted net loss per share for redeemable Class A ordinary shares was $(0.08), consistent with the previous year's figure.

As of March 31, 2026, Alchemy Investments had total assets of $9,131,905, an increase from $8,892,310 at the end of 2025. The company’s cash and cash equivalents rose to $86,243 from $55,020, while investments held in the Trust Account increased to $8,957,232 from $8,813,038. However, the company also reported a working capital deficit of $3,910,143, indicating financial strain as it continues to seek a business combination.

The company has not yet completed any business combination but is actively pursuing potential targets. It has extended its deadline to finalize a business combination until September 9, 2026, following shareholder approval. The company has also entered into a business combination agreement with Cartiga, LLC, which is expected to be a significant strategic move. This agreement was approved by the company's disinterested directors in August 2025.

Operationally, Alchemy Investments has maintained its Class A ordinary shares count at 4,208,042, with 737,543 shares subject to possible redemption. The company has also seen an increase in its promissory notes from related parties, which stood at $2,000,000 as of March 31, 2026, compared to $1,710,000 at the end of 2025. The company’s management has expressed concerns regarding its ability to continue as a going concern, primarily due to the significant costs associated with its acquisition plans and the limited cash available outside of the Trust Account.

Looking ahead, Alchemy Investments aims to address its liquidity challenges through the successful closing of a business combination. The company has indicated that it will continue to deposit funds into the Trust Account to meet its obligations while pursuing potential acquisition opportunities. However, there is no assurance that it will be able to complete a business combination by the extended deadline, which could lead to mandatory liquidation and dissolution.