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Alchemy Investments Acquisition Corp 1 Class A ( (ALCY) ) has shared an announcement.
Alchemy Investments Acquisition Corp 1, a special purpose acquisition company whose IPO registration statement became effective on May 4, 2023, failed to complete an initial business combination by the May 4, 2026 deadline required under Nasdaq IM-5101-2. As a result, Nasdaq determined on April 7, 2026 that the company was out of compliance and that its securities were subject to delisting.
The company has chosen not to appeal Nasdaq’s delisting decision, and trading of its securities on Nasdaq will be suspended at the opening of business on May 14, 2026. Alchemy expects its securities to begin trading on the over-the-counter market on the same date, shifting its presence away from a major exchange and potentially altering liquidity and visibility for investors.
More about Alchemy Investments Acquisition Corp 1 Class A
Alchemy Investments Acquisition Corp 1 is a special purpose acquisition company (SPAC) formed to complete one or more business combinations within a specified timeframe following its initial public offering. As a blank-check company, it does not have commercial operations and instead focuses on identifying and merging with a target business to take it public, in line with typical SPAC structures and Nasdaq listing requirements.
Average Trading Volume: 2,711
Technical Sentiment Signal: Buy
Current Market Cap: $50.33M
For an in-depth examination of ALCY stock, go to TipRanks’ Overview page.