---
title: "Alchemy Investments Acquisition Corp 1 | 10-K: FY2025 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283993502.md"
datetime: "2026-04-24T11:39:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283993502.md)
  - [en](https://longbridge.com/en/news/283993502.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283993502.md)
---

# Alchemy Investments Acquisition Corp 1 | 10-K: FY2025 Revenue: USD 0

Revenue: As of FY2025, the actual value is USD 0.

EPS: As of FY2025, the actual value is USD -0.25.

EBIT: As of FY2025, the actual value is USD -1.295 M.

Alchemy Investments Acquisition Corp 1 operates as a single reportable segment and has not generated any operating revenues to date, focusing on organizational matters and seeking a business combination.

#### Operational Metrics

-   **Net Loss/Income**: The company reported a net loss of - $1,098,247 for the year ended December 31, 2025, compared to a net income of $4,247,564 for the year ended December 31, 2024.
-   **Loss from Operations**: Loss from operations was - $1,429,215 for the year ended December 31, 2025, and - $1,192,408 for the year ended December 31, 2024.
-   **Operating and Formation Costs**: These costs amounted to $1,429,215 for the year ended December 31, 2025, and $1,192,408 for the year ended December 31, 2024.
-   **Gain on Investments Held in Trust Account**: The company recorded a gain of $454,060 for the year ended December 31, 2025, significantly lower than the $5,454,963 gain in the prior year.
-   **Dividend Income**: Dividend income was $11,239 for the year ended December 31, 2025, down from $12,981 in the prior year.
-   **Interest Expense - Related Party**: Interest expense related to promissory notes from a related party increased to - $134,331 for the year ended December 31, 2025, from - $27,972 in the prior year.

#### Cash Flow

-   **Net Cash Used in Operating Activities**: The company used - $1,306,154 in operating activities for the year ended December 31, 2025, compared to - $658,568 in the prior year.
-   **Cash Redemption from Trust Account**: Cash redemption from the Trust Account was $3,791,334 for the year ended December 31, 2025, a substantial decrease from $114,357,720 in the prior year.
-   **Net Cash Provided by (Used in) Financing Activities**: Financing activities provided $1,180,000 for the year ended December 31, 2025, a significant change from the - $113,827,720 used in the prior year.
-   **Net Change in Cash and Cash Equivalents**: The company experienced a net decrease of - $126,154 in cash and cash equivalents for the year ended December 31, 2025, following a decrease of - $128,568 in the prior year.

#### Balance Sheet and Other Metrics

-   **Cash and Cash Equivalents (Outside Trust Account)**: As of December 31, 2025, cash and cash equivalents held outside the Trust Account were $55,020, down from $181,174 as of December 31, 2024.
-   **Investments Held in Trust Account**: Investments in the Trust Account decreased to $8,813,038 as of December 31, 2025, from $11,851,808 as of December 31, 2024.
-   **Working Capital Deficit**: The company had a working capital deficit of - $3,434,050 as of December 31, 2025.
-   **Deferred Underwriting Fee Payable**: This remained constant at $5,175,000 as of both December 31, 2025, and December 31, 2024.
-   **Promissory Note - Related Party**: The balance of the promissory note from a related party increased to $1,710,000 as of December 31, 2025, from $530,000 as of December 31, 2024.
-   **Class A Ordinary Shares Subject to Possible Redemption**: The redemption value decreased to $8,713,037 (737,543 shares at $11.81 per share) as of December 31, 2025, from $11,661,807 (1,061,963 shares at $10.98 per share) as of December 31, 2024, due to redemptions.

#### Outlook / Guidance

Alchemy Investments Acquisition Corp 1 entered into a Business Combination Agreement with Cartiga, LLC on August 22, 2025, which is expected to close in the first quarter of 2026, subject to shareholder and customary closing conditions. The company faces substantial doubt about its ability to continue as a going concern due to insufficient cash outside the Trust Account and must complete a business combination by September 9, 2026, or liquidate. Management is implementing measures to remediate a material weakness in internal control over financial reporting related to accrued vendor expenses.

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