Alchemy Investments Acquisition Corp. 1 Evaluates PIPE Financing to Support Business Combination with Cartiga

Key Highlights

• Alchemy Investments Acquisition Corp. 1 (Nasdaq: ALCY) is exploring a potential Private Investment in Public Equity (PIPE) financing to support its proposed business combination with Cartiga, LLC.
• No definitive PIPE agreements have been signed yet; discussions with potential investors are ongoing.
• Cartiga has recently completed the first close of its new LBS Income Fund, a private credit vehicle, anchored by a significant investment from a leading global alternative asset manager.
• The business combination, PIPE financing, and new fund are aimed at accelerating Cartiga’s growth in the litigation finance and legal services sector.

Detailed Report

Alchemy Investments Acquisition Corp. 1 (“Alchemy”), a special purpose acquisition company (SPAC) listed on Nasdaq, has announced it is evaluating a potential PIPE financing to support its upcoming business combination with Cartiga, LLC. The company, alongside Cartiga and their advisors, has begun preliminary discussions with possible investors regarding the PIPE. Importantly, as of now, no definitive agreements have been reached and there is no assurance that any such financing will be consummated or on what terms.

If a PIPE financing is executed, any securities offered would be offered privately and not registered under the Securities Act of 1933. Such securities would not be sold in the United States unless registered or through an applicable exemption.

Shareholders should note that PIPE financings are typically used to strengthen the capital base for the post-merger company and may have a direct impact on share value, depending on the terms and investor demand. Any developments on PIPE discussions, definitive agreements, or the absence thereof could be price sensitive.

In a related development, Cartiga completed the first closing of its LBS Income Fund on March 10, 2026. This new fund, managed by an investment advisor subsidiary, focuses on providing institutional investors with exposure to Cartiga’s litigation finance platform, including consumer pre-settlement advances and commercial attorney financing. The initial close was anchored by a leading global alternative asset manager, reflecting strong institutional interest and vote of confidence in Cartiga’s growth prospects.

Cartiga’s CEO, Sam Wathen, stated that the new fund, together with the planned public listing via Alchemy and potential PIPE, will position Cartiga to capitalize on organic growth and sector consolidation opportunities. Cartiga sees future growth driven by both asset origination and potential fee revenue from synthetic equity participations in law firms and cases, leveraging new business structures available in Arizona and possible managed services organization models.

About Cartiga, LLC

Cartiga is a data-driven, technology-forward asset management platform focused on investments in legal claims and law firms. Using proprietary data and analytics, Cartiga seeks attractive risk-adjusted returns by providing capital and services to law firms and their clients. With over 20 years in the sector, Cartiga has deployed more than \$1.9 billion in legal sector investments and participated in matters generating over \$20 billion in estimated settlement values for affiliated law firms and clients.

About Alchemy Investments Acquisition Corp. 1

Alchemy is a SPAC formed under Cayman Islands law, focused on businesses involved in acquiring, processing, analyzing, and utilizing data from diverse sources.

Important Considerations for Shareholders

• Shareholder approval is required for the business combination, and additional filings (including a Registration Statement on Form S-4 and proxy statements/prospectuses) will be provided by Alchemy. Shareholders are urged to read these materials when available, as they will contain important information.
• Directors, executive officers, and managers of both Alchemy and Cartiga may be involved in the solicitation of proxies for the business combination. Details of their interests will be disclosed in future proxy statements.
• Numerous risks remain:
  • The business combination may not close due to a variety of factors (regulatory, shareholder/member approval, legal actions, etc.).
  • PIPE financing may not be secured or could be on less favorable terms.
  • Shareholder redemption of shares could impact the deal’s structure and economics.
  • Cartiga’s future growth and profitability are subject to competition, retention of key staff, and changing regulations.
• Forward-looking statements in this update are subject to risks, uncertainties, and changes in circumstances; actual results may differ materially from projections.
• This press release does not constitute an offer to sell or buy securities, nor a solicitation for votes or approvals regarding the transaction.

Investor Relations Contacts

Steven Wasserman
Mattia Tomba
Vittorio Savoia
[email protected]
+1 516 428 2816

Disclaimer

This article is for informational purposes only and does not constitute investment advice, a solicitation, or an offer to buy or sell any securities. Investors should review official filings and consult their own advisors before making any investment decisions. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those projected.

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