Alchemy Investments Acquisition Corp 1 Reports Director & Officer Changes
Ticker: ALCYW · Form: 8-K · Filed: May 17, 2024 · CIK: 1901336
| Field | Detail |
|---|---|
| Company | Alchemy Investments Acquisition CORP 1 (ALCYW) |
| Form Type | 8-K |
| Filed Date | May 17, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $11.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, management-change, spac
Related Tickers: ALCY
TL;DR
ALCY board shakeup effective May 13th, new officers appointed.
AI Summary
Alchemy Investments Acquisition Corp 1 (ALCY) filed an 8-K on May 17, 2024, reporting changes effective May 13, 2024. The filing details the departure of directors, election of new directors, and appointments of certain officers, along with updates to compensatory arrangements. The company, previously known as VAM Acquisition Corp., is incorporated in Delaware and operates in the blank checks sector.
Why It Matters
Changes in a company's board of directors and executive officers can signal shifts in strategy, governance, or operational focus, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns corporate governance and personnel changes, which typically carry a lower immediate risk compared to financial distress or major operational disruptions.
Key Players & Entities
- Alchemy Investments Acquisition Corp 1 (company) — Filer
- VAM Acquisition Corp. (company) — Former Company Name
- May 13, 2024 (date) — Effective Date of Changes
- May 17, 2024 (date) — Filing Date
FAQ
What specific changes were made to the board of directors and officer positions?
The filing indicates the departure of directors, election of new directors, and appointment of certain officers, effective May 13, 2024. Specific names and roles are detailed within the full filing.
Were there any changes to the company's compensatory arrangements for officers?
Yes, the filing explicitly mentions updates to the compensatory arrangements of certain officers as part of the reported items.
What was the former name of Alchemy Investments Acquisition Corp 1?
The former name of Alchemy Investments Acquisition Corp 1 was VAM Acquisition Corp., with a name change date of December 23, 2021.
What is the Standard Industrial Classification (SIC) code for Alchemy Investments Acquisition Corp 1?
The SIC code listed for Alchemy Investments Acquisition Corp 1 is 6770, which corresponds to 'BLANK CHECKS'.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on May 13, 2024.
Filing Stats: 712 words · 3 min read · ~2 pages · Grade level 11.5 · Accepted 2024-05-17 16:30:58
Key Financial Figures
- $0.0001 — nsisting of one Class A Ordinary Share, $0.0001 par value, and one-half of one redeemab
- $11.50 — Ordinary Share at an exercise price of $11.50 ALCYW The Nasdaq Stock Market LLC
Filing Documents
- tm2414829d1_8k.htm (8-K) — 32KB
- 0001104659-24-063048.txt ( ) — 264KB
- alcy-20240513.xsd (EX-101.SCH) — 4KB
- alcy-20240513_def.xml (EX-101.DEF) — 27KB
- alcy-20240513_lab.xml (EX-101.LAB) — 39KB
- alcy-20240513_pre.xml (EX-101.PRE) — 26KB
- tm2414829d1_8k_htm.xml (XML) — 8KB
(a) of Regulation S-K
Item 404(a) of Regulation S-K. Mr. Shah will not be compensated by the Company for his services as a director. In connection with his appointment, Mr. Shah has entered into an indemnity agreement and a letter agreement with the Company on the same terms as the indemnity agreements and letter agreement entered into by the directors and officers of the Company at the time of the Company's initial public offering. 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: May 17, 2024 ALCHEMY INVESTMENTS ACQUISITION CORP 1 By: /s/ Mattia Tomba Name: Mattia Tomba Title: Co-Chief Executive Officer 3