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].
Alchemy Investments Acquisition Corp 1(ALCYU) - 2025 Q3 - Quarterly Report