Alchemy Investments Acquisition Corp 1 Reports Q3 2025 Financial Results with Significant Net Loss

Alchemy Investments Acquisition Corp 1 has reported its financial results for the third quarter of 2025, revealing a net loss of $341,897 for the three months ending September 30, 2025, compared to a net income of $1,456,069 during the same period in 2024. The company’s operating costs increased significantly to $428,114 from $158,154 year-over-year, while gains on investments held in the Trust Account fell sharply to $119,784 from $1,609,935. For the nine months ended September 30, 2025, the company recorded a net loss of $863,650, a stark contrast to the net income of $4,183,639 reported for the same period in 2024.

The company’s total assets decreased to $9,024,646 as of September 30, 2025, down from $12,098,428 at the end of 2024. This decline was primarily driven by a reduction in investments held in the Trust Account, which fell to $8,662,826 from $11,851,808. Current liabilities also increased significantly, rising to $3,411,062 from $1,829,857, largely due to higher accrued expenses and a promissory note from a related party that increased to $1,710,000 from $530,000.

In terms of operational developments, Alchemy Investments has not yet completed a business combination but is actively pursuing potential targets. The company has extended its deadline to finalize a business combination until September 9, 2026, following shareholder approval. As of September 30, 2025, the company had 4,208,042 Class A ordinary shares outstanding, with 737,543 shares subject to possible redemption. The company’s cash and cash equivalents stood at $319,258, indicating a working capital deficit of $3,049,242, raising concerns about its ability to continue operations without a successful business combination.

Looking ahead, Alchemy Investments has entered into a business combination agreement with Cartiga, LLC, which is expected to close in the first quarter of 2026, pending shareholder approval and customary closing conditions. The proposed transaction aims to create a publicly traded entity under the name Cartiga Holdings, Inc. However, the company has expressed substantial doubt about its ability to continue as a going concern, emphasizing the need for a successful business combination to address its liquidity challenges.