Financial Performance - For the three months ended September 30, 2025, the company reported a net loss of $341,897, with operating costs of $428,114 and a gain on investments held in the Trust Account of $119,784[143]. - For the nine months ended September 30, 2025, the company had a net loss of $863,650, resulting from operating costs of $1,150,604 and a gain on investments held in the Trust Account of $370,226[145]. - The company incurred net cash used in operating activities of $1,041,916 for the nine months ended September 30, 2025, due to the net loss and changes in working capital[147]. Capital and Funding - The company generated gross proceeds of $115,000,000 from the Initial Public Offering of 11,500,000 units on May 9, 2023[150]. - As of September 30, 2025, the company had $319,258 in cash and cash equivalents held outside of the Trust Account and a working capital deficit of $3,049,242[152]. - The company has deferred underwriting fees of $5,175,000 and up to $1,710,000 in promissory notes due upon the completion of its business combination[158]. Business Operations - The company has not engaged in any operations or generated revenues to date, focusing solely on financing and organizational activities[142]. - The company has not entered into any off-balance sheet financing arrangements as of September 30, 2025[159]. Future Plans - The company has until September 9, 2026, to complete a business combination, with the possibility of monthly extensions thereafter[155]. - The company plans to address its liquidity concerns through the successful closing of a business combination[153].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ALCHEMY INVESTMENTS ACQUISITION CORP 1 (Exact name of registrant as specified in its charter) | Cayman Islands | N/A | | --- | --- | | (State or other jurisdiction of | (IRS Employer | | incorporation or organization) | Identification No.) | | 850 Library Avenue, Suite 204-F | | Newark, DE 19711 Telephone: (212) - 877 - 1588 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHA ...

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-41699 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ALCHEMY INVESTMENTS ACQUISITION CORP 1 (Exact name of registrant as specified in its charter) | Cayman Islands | N/A | | --- | --- | | (State ...

Financial Performance - The company had a net income of $4,247,564 for the year ended December 31, 2024, despite incurring a loss of approximately $1,192,408 from general and administrative expenses [264]. - The company has not engaged in any operations or generated operating revenues to date, with expectations to generate non-operating income from interest on marketable securities after the initial business combination [263]. Initial Public Offering - The company completed its Initial Public Offering on May 9, 2023, raising gross proceeds of $115,000,000 from the sale of 11,500,000 units [265]. - An additional $5,955,000 was generated from the sale of 595,500 private placement shares at a price of $10.00 per share [266]. Cash Position and Working Capital - As of December 31, 2024, the company had $181,174 in cash and cash equivalents outside of the Trust Account and a working capital deficit of $1,583,237 [267]. - The company anticipates that cash held outside the Trust Account will not be sufficient to operate for at least one year from the date of the financial statements, raising substantial doubt about its ability to continue as a going concern [268]. Business Combination - The company has until November 9, 2024, to consummate a Business Combination, with a proposal to extend this deadline to February 9, 2025, and potentially on a month-to-month basis until September 9, 2025 [268]. - There are $5,175,000 of deferred underwriting fees due upon the completion of the company's business combination [271]. - The company is in the process of identifying a potential target for its initial Business Combination but requires additional time [268]. Going Concern - The financial statements do not include adjustments that might result from the company's inability to continue as a going concern [269].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-41699 | --- | --- | --- | |-------|---------------------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (IRS Employer | | ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-41699 | --- | --- | |----------------------------------------------------------------|-------| | Cayman Islands | | | (State or other jurisdiction o ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-41699 | --- | |---------------------| | | | | | N/A | | (IRS Employer | | Identification No.) | ALCHEMY INVESTMENTS ACQUISITION CORP 1 (Exact name ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-41699 ALCHEMY INVESTMENTS ACQUISITION CORP 1 (Exact name of registrant as specified in its charter) 19711 (Zip Code ...

Financial Position - As of September 30, 2023, total assets amounted to $119,810,571, compared to $1,215,951 as of December 31, 2022[4] - Total current liabilities decreased to $794,625 as of September 30, 2023, from $1,174,701 as of December 31, 2022[4] - The company held investments in a Trust Account valued at $119,080,489 as of September 30, 2023[4] - The company has a total shareholders' deficit of $41,250 as of January 1, 2023, which has slightly decreased to $41,029 by March 31, 2023[7] - As of September 30, 2023, the company had $424,173 in cash held outside of the Trust Account and a working capital deficit of $164,756[14] Income and Expenses - The company reported a net income of $1,362,467 for the three months ended September 30, 2023, compared to a net income of $1,933,283 for the nine months ended September 30, 2022[5] - The company incurred operating and formation costs of $174,629 for the three months ended September 30, 2023[5] - The company reported a net loss of $1,531,301, with accumulated deficit reaching $(5,139,890)[7] - The company reported a gain on investments held in the Trust Account of $1,531,302 for the three months ended September 30, 2023[5] - The company incurred significant costs in pursuit of financing and acquisition plans, with substantial doubt about its ability to continue as a going concern[14] Shareholder Information - The total number of Class A ordinary shares issued and outstanding was 595,500 as of September 30, 2023, excluding 11,500,000 shares subject to possible redemption[4] - As of November 15, 2023, there were 12,095,500 Class A ordinary shares and 2,875,000 Class B ordinary shares issued and outstanding[1] - The company has not issued any preference shares as of September 30, 2023[4] - The company’s Class A ordinary shares are subject to redemption, with a remeasurement amount of $11,052,094 as of September 30, 2023[10] - As of September 30, 2023, Class A ordinary shares subject to possible redemption totaled $118,980,488, reflecting a remeasurement increase of $13,307,582[25] Initial Public Offering (IPO) - The company generated gross proceeds of $115,000,000 from its Initial Public Offering on May 9, 2023, including $5,955,000 from private placement shares[11] - Transaction costs related to the Initial Public Offering amounted to $9,088,588, including $2,300,000 in cash underwriting fees[11] - The company placed $116,725,000 from the net proceeds of the Initial Public Offering into a Trust Account, to be invested in U.S. government treasury obligations[11] - The Initial Public Offering generated gross proceeds of $115,000,000 from the sale of 11,500,000 Units, including 1,500,000 Units from the underwriter's overallotment option[38] - The Company sold 538,000 Private Placement Shares at $10.00 per share, generating gross proceeds of $5,380,000, with an additional 57,500 shares sold to the underwriter for $575,000[40] Business Operations - The company has not commenced any operations and will not generate operating revenues until after completing a Business Combination[11] - The company has not yet identified a target for a Business Combination, remaining in the early stages of its operations[11] - The company intends to complete the initial Business Combination before the mandatory liquidation date, but there is no assurance it will succeed[15] - The company has until November 9, 2024, to complete a Business Combination, failing which it will face mandatory liquidation[15] - The company has not engaged in any operations or generated revenues to date, focusing solely on organizational activities and searching for a potential business combination target[63] Tax and Legal Matters - The Company has no unrecognized tax benefits or accrued interest and penalties related to tax positions as of September 30, 2023[27] - The Company is not subject to income taxes in the Cayman Islands, Italy, or the United States, resulting in a tax provision of zero for the period presented[27] - The Company does not anticipate any material changes in unrecognized tax benefits over the next twelve months[27] - There have been no legal proceedings reported against the company[77] - The company has not reported any defaults upon senior securities[81] Internal Controls and Reporting - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective as of September 30, 2023[76] - There were no changes in internal control over financial reporting that materially affected the company's financial reporting during the most recently completed quarter[77] - The company maintains the majority of its cash and cash equivalents in accounts with major U.S. and multi-national financial institutions, with deposits exceeding insured limits[79] - The company has not disclosed any material changes to the risk factors since the Initial Public Offering filed with the SEC on May 5, 2023[79]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-41699 | --- | --- | |----------------------------------------------------------------|-------| | Cayman Islands | | | (State or other jurisdiction o ...