Alchemy Investments Acquisition Corp 1 Business Summary

Alchemy Investments Acquisition Corp 1 (ALCY) is a special purpose acquisition company (SPAC) that, as of February 2026, is finalizing its business combination with Cartiga, LLC, a data-driven asset management platform specializing in litigation finance. The company generates revenue primarily through non-recourse legal funding, where it earns a share of successful settlement proceeds, and through interest-bearing working capital loans provided to law firms. Its business is divided into three core segments: consumer legal funding (pre-settlement and medical advances), law firm financing (practice-related capital), and proprietary data analytics services used for predictive case valuation. Within the litigation finance sector, ALCY competes directly with Burford Capital, Omni Bridgeway, and Legalist, positioning itself as a tech-forward alternative that utilizes a database of over 250,000 historical fundings to deliver non-correlated, risk-adjusted returns to its investors. The company is led by Co-CEOs Mattia Tomba and Vittorio Savoia, both of whom are managing partners at Alchemy Investment Management with deep expertise in private equity and global M&A. The executive team includes Chief Financial Officer Harshana Sidath Jayaweera and is overseen by Non-Executive Chairman Steven M. Wasserman, who brings decades of experience in corporate finance and public company governance. Upon completion of the pending merger, Sam Wathen, the current CEO of Cartiga, is expected to drive the combined entity's operational strategy alongside the existing leadership. The company’s board features independent directors such as Carlo Tursi and Debbie Zoldan, and it has secured notable institutional backing from the Arizona State Retirement System (ASRS) and Melodeon LBS GP, LLC, highlighting the platform's credibility in the alternative asset space.