The delisting is already priced in after the May 7 notice and May 14 suspension. The final removal on July 20 is a procedural step. With no business combination completed and no appeal, the SPAC will likely liquidate and return trust proceeds to shareholders. Monitor for a liquidation distribution announcement.
Price Chart
Executive Summary
Nasdaq has filed a Form 25-NSE to remove Alchemy Investments Acquisition Corp 1's securities (Class A Ordinary Shares, Units, Warrants) from listing, effective July 20, 2026. The delisting follows the company's failure to complete a business combination within the 36-month deadline under Nasdaq IM-5101-2, with no appeal filed. This is the final step after the prior delisting notice and suspension on May 14, 2026, and the securities are already trading on the OTC market.
Key Facts
- Nasdaq filed Form 25-NSE to remove Alchemy Investments Acquisition Corp 1's securities from listing, effective July 20, 2026.
- The delisting is due to failure to complete a business combination within 36 months of the IPO registration statement's effectiveness (May 4, 2023), violating Nasdaq IM-5101-2.
- The company did not appeal the delisting determination; securities were suspended from Nasdaq on May 14, 2026, and have been trading OTC.
- The delisting covers Class A Ordinary Shares, Units, and Warrants.
Financial Impact
No financial figures provided in the filing. The delisting formalizes the transition from Nasdaq to OTC trading, which typically reduces liquidity and may compress valuation multiples for a SPAC that failed to complete a business combination.
Risk Factors
- No business combination completed — SPAC will likely liquidate and return trust proceeds, likely at or below trust value per share.
- OTC trading after delisting typically reduces liquidity and may widen bid-ask spreads significantly.
- No appeal was filed, confirming the company has no path to remain listed.
Market Snapshot
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 25-NSE Filing (ALCYF) — Batch item 1 | 0001354457-26-000663 |
| Document: 0001354457-26-000663-index-headers.html | 0001354457-26-000663 |
| Document: 0001354457-26-000663-index.html | 0001354457-26-000663 |
| Document: 0001354457-26-000663.txt | 0001354457-26-000663 |
| 25-NSE Filing (ALCYF) — Batch item 5 | 0001354457-26-000663 |
| Document: 0001354457-26-000663-index-headers.html | 0001354457-26-000663 |
| Document: 0001354457-26-000663-index.html | 0001354457-26-000663 |
| Document: 0001354457-26-000663.txt | 0001354457-26-000663 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 4, 2026 7w ago | DEFA14A | $12.29 | awaiting T+60 | — | $11.94 (−2.87%) |
Jul 10, 2026 15w ago | 25-NSE | $11.93 $11.85 | ▲ +0.67% | ▲ +3.56% | $11.94 (−0.06%) |
US Market Status
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