Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY – Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.08) earnings per share for the quarter, FiscalAI reports.
Alchemy Investments Acquisition Corp 1 Trading Down 0.3%
ALCY opened at $11.66 on Friday. Alchemy Investments Acquisition Corp 1 has a 1-year low of $10.25 and a 1-year high of $15.90. The firm’s 50 day simple moving average is $11.83 and its two-hundred day simple moving average is $11.91.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Polar Asset Management Partners Inc. raised its position in Alchemy Investments Acquisition Corp 1 by 1.4% in the fourth quarter. Polar Asset Management Partners Inc. now owns 101,434 shares of the company’s stock worth $1,441,000 after acquiring an additional 1,434 shares during the period. Calamos Advisors LLC raised its position in Alchemy Investments Acquisition Corp 1 by 37.8% in the first quarter. Calamos Advisors LLC now owns 68,913 shares of the company’s stock worth $814,000 after acquiring an additional 18,913 shares during the period. Finally, Clear Street Group Inc. raised its position in Alchemy Investments Acquisition Corp 1 by 131.6% in the fourth quarter. Clear Street Group Inc. now owns 15,000 shares of the company’s stock worth $213,000 after acquiring an additional 8,524 shares during the period. 92.46% of the stock is currently owned by institutional investors.
Alchemy Investments Acquisition Corp 1 Company Profile
Alchemy Investments Acquisition Corp 1 is a special purpose acquisition company (SPAC) formed under Delaware law in 2021 with the primary objective of effecting a merger, share exchange, asset acquisition or similar business combination. The company completed its initial public offering on the Nasdaq under the ticker ALCY, offering units that consist of one share of common stock and one-half of a redeemable warrant. As a blank‐check entity, Alchemy Investments Acquisition Corp 1 does not have any operations or revenues of its own but is dedicated to identifying and acquiring one or more businesses.
The sponsor of the company, Alchemy Investments, LLC, is an investment management firm headquartered in New York.
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