Wealthspring Capital Takes 5% Stake in Alchemy Investments SPAC

TL;DR

**Wealthspring Capital just disclosed a 5% passive stake in Alchemy Investments Acquisition Corp 1.**

AI Summary

Wealthspring Capital LLC, an investment firm based in Delaware, reported on December 31, 2023, that it beneficially owns 5.0% of the Class A Ordinary Shares of Alchemy Investments Acquisition Corp 1. This filing, an SC 13G, indicates a passive investment, meaning Wealthspring Capital LLC does not intend to influence or control the company. For investors, this means a significant institutional holder has taken a position, potentially signaling confidence in the SPAC's future, but without any active involvement in its operations or merger plans.

Why It Matters

This filing shows a notable institutional investor, Wealthspring Capital LLC, has acquired a significant passive stake in Alchemy Investments Acquisition Corp 1, which could be seen as a vote of confidence in the SPAC's potential future merger.

Risk Assessment

Risk Level: low — An SC 13G filing indicates a passive investment, posing minimal direct risk to current shareholders as the investor does not seek to control the company.

Analyst Insight

An investor might view this as a positive signal of institutional interest in Alchemy Investments Acquisition Corp 1, but should remember that an SC 13G indicates a passive stake, meaning Wealthspring Capital LLC is not actively involved in the company's management or merger decisions. Further due diligence on the SPAC's progress and potential targets is still crucial.

Key Numbers

• 5.0% — Beneficial Ownership (Wealthspring Capital LLC's stake in Alchemy Investments Acquisition Corp 1)
• $0.0001 — Par Value (per Class A Ordinary Share of Alchemy Investments Acquisition Corp 1)

Key Players & Entities

• Wealthspring Capital LLC (company) — the reporting person and beneficial owner
• Alchemy Investments Acquisition Corp 1 (company) — the subject company (issuer)
• Delaware (company) — place of organization for Wealthspring Capital LLC
• 5.0% (dollar_amount) — percentage of Class A Ordinary Shares beneficially owned
• December 31, 2023 (person) — date of event requiring the filing
• $0.0001 (dollar_amount) — par value per Class A Ordinary Share

Forward-Looking Statements

• Wealthspring Capital LLC will maintain its passive stake in Alchemy Investments Acquisition Corp 1. (Wealthspring Capital LLC) — high confidence, target: Next 6-12 months
• Alchemy Investments Acquisition Corp 1 will continue its search for a suitable merger target. (Alchemy Investments Acquisition Corp 1) — medium confidence, target: Next 12-24 months

FAQ

Key Financial Figures

• $0.0001 — r) Class A Ordinary Shares, par value $0.0001 per share (Title of Class of Securitie

Filing Documents

• ea191416-13gwealth_alchemy1.htm (SC 13G) — 70KB
• ea191416ex99-1_alchemy1.htm (EX-99.1) — 5KB
• 0001174947-24-000018.txt ( ) — 77KB

. Ownership

Item 4 . Ownership (a) Each of Wealthspring Capital LLC and Mr. Simpson may be deemed to beneficially own 1,214,690 Shares. (b) The number of Shares that each of Wealthspring Capital LLC and Mr. Simpson may be deemed to beneficially own constitutes approximately 10.0% of the Shares outstanding. (c) Number of Shares as to which such person has (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 1,214,690 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 1,214,690 Item 5. Ownership of Five Percent or Less of a Class . If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: □

Ownership of More Than 5 Percent on Behalf of Another Person

Item 6. Ownership of More Than 5 Percent on Behalf of Another Person . Wealthspring Capital LLC’s clients have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported on this statement. No one other person’s interest in the securities reported herein is more than 5%. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported by the Parent Holding Company or Control Person. Not applicable.

Identification and Classifications of Members of the Group

Item 8. Identification and Classifications of Members of the Group Not applicable.

Notice of Dissolution of Group.

Item 9. Notice of Dissolution of Group. . Not applicable. CUSIP No. G0232F109 13G Page 6 of 7

. Certification

Item 10 . Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. CUSIP No. G0232F109 13G Page 7 of 7 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 10, 2024 Wealthspring Capital LLC By: /s/ Matthew Simpson /s/ Matthew Simpson Name: Matthew Simpson Matthew Simpson Its: Manager EXHIBIT INDEX Exhibit No. Description 99.1 Joint Filing Agreement, dated as of January 10, 2024 by and among Wealthspring Capital LLC and Matthew Simpson.

View Full Filing

View this SC 13G filing on SEC EDGAR