Alchemy Investments Acquisition Corp 1 – Key Points from Amended Annual Report (10-K/A)

Overview

Alchemy Investments Acquisition Corp 1 (Nasdaq: ALCY) has filed Amendment No. 1 to its Annual Report on Form 10-K for the fiscal year ended December 31, 2025. This amendment primarily corrects the date on the audit report issued by Marcum LLP for the fiscal year ended December 31, 2024. The original filing included an administrative error regarding the date, and this amendment replaces the Marcum Report with the corrected version. No other changes were made to the original filing.

Key Points for Investors

• Nature of Amendment: The amendment does not change any financial results, business strategies, or operational updates. It solely corrects the audit report date for 2024. The financial statements and other information from the original filing remain unchanged.
• Audit Reports:
  • 2025 Financials were audited by CBIZ CPAs P.C. (PCAOB #199).
  • 2024 Financials were audited by Marcum LLP. The only update is the corrected date on the Marcum Report.
• Financial Position and Going Concern:
  • The Company’s consolidated financial statements for 2025 and 2024 include a “going concern” warning. The auditors note that due to the impending deadline for completing a business combination and the risk of redemption of all Class A ordinary shares, there is substantial doubt about the Company’s ability to continue as a going concern. There are no adjustments in the financials for this risk.
• Shell Company Status: The Company confirms it is a shell company as defined under Rule 12b-2 of the Exchange Act. This status is important for shareholders as it means the Company currently has no operations other than seeking a business combination.
• Filing and Compliance:
  • The Company has filed all required reports for the preceding 12 months and is in full compliance with the SEC filing requirements.
  • Alchemy Investments Acquisition Corp 1 is a non-accelerated filer, smaller reporting company, and an emerging growth company under Exchange Act definitions.
• Class A Ordinary Shares and Warrants:
  • Class A Ordinary Shares (ALCY) and redeemable warrants (each warrant exercisable for one Class A Ordinary Share at \$11.50) are listed on the Nasdaq Stock Market LLC.
  • As of December 31, 2025, there were approximately 3,470,499 Class A ordinary shares issued and outstanding, excluding shares subject to possible redemption.
  • There were no shares of preferred stock issued or outstanding as of the reporting date.
• No Financial Restatement or Compensation Clawback:
  • No corrections were made to previously issued financial statements, and no executive compensation clawback has been triggered.

Potentially Price-Sensitive Information

• Substantial Doubt About Going Concern: The Company’s ability to continue as a going concern is in question due to the looming deadline for a business combination and the risk of redemption of all Class A shares. If the Company fails to complete a suitable business combination, it may be forced to liquidate. This is a significant risk factor for shareholders and could be material to the Company’s share price.
• Shell Company Status: As a shell company, ALCY has no substantive operations and is fully reliant on completing a business combination for future value creation.
• No Correction of Errors or Restatements: There are no new restatements or corrections that affect previously reported results, reducing uncertainty for shareholders.
• No Financial Statement Changes: The amendment does not alter any financial figures, business results, or outlooks. The only change is the corrected signature date for the 2024 audit report.

Detailed Exhibits and Compliance Certifications

• Exhibit List: The filing includes updated certifications by the Co-CEO and CFO, the corrected 2024 audit report, and other standard exhibits. A full list is available in the Exhibit Index.
• Clawback Policy: The Company has a Clawback Policy on file, but no clawbacks have been enacted.

Conclusion

Summary for Investors: The only substantive update in this filing is the correction of the audit report date for 2024. There are no changes to the Company’s financials, strategy, operations, or outlook. However, the substantial doubt about the Company’s ability to continue as a going concern remains a key risk factor. Investors should monitor the Company’s progress in seeking a business combination, as failure to do so could result in liquidation and a potential loss of value for shareholders.

Disclaimer: This article is a summary interpretation of Alchemy Investments Acquisition Corp 1’s SEC filings and is intended for informational purposes only. It does not constitute investment advice. Investors should review the full SEC filings and consult their financial advisor before making investment decisions. The Company’s status as a shell company and its ability to continue as a going concern are significant risks that could impact the value of its securities.

View Alchemy Investments Acquisition Corp 1 Historical chart here