Alchemy Investments Acquisition Corp 1 $ALCY Stake Decreased by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. cut its holdings in shares of Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) by 47.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,162 shares of the company’s stock after selling 48,272 shares during the period. Polar Asset Management Partners Inc.’s holdings in Alchemy Investments Acquisition Corp 1 were worth $632,000 at the end of the most recent reporting period.

Separately, Clear Street Group Inc. increased its position in Alchemy Investments Acquisition Corp 1 by 131.6% in the 4th quarter. Clear Street Group Inc. now owns 15,000 shares of the company’s stock valued at $213,000 after acquiring an additional 8,524 shares during the period. 92.46% of the stock is owned by institutional investors and hedge funds.

Alchemy Investments Acquisition Corp 1 Price Performance

Shares of Alchemy Investments Acquisition Corp 1 stock opened at $11.80 on Tuesday. The business’s fifty day moving average price is $11.78 and its two-hundred day moving average price is $11.81. Alchemy Investments Acquisition Corp 1 has a 1-year low of $10.25 and a 1-year high of $15.90.

Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) last released its quarterly earnings results on Thursday, May 21st. The company reported ($0.08) earnings per share (EPS) for the quarter.

Alchemy Investments Acquisition Corp 1 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.