Alchemy Stock Stays Flat at $11.65 as Cartiga Decision Nears
Alchemy Investments Acquisition Corp 1 shares opened at $11.65 on the OTC market Tuesday after being suspended from Nasdaq on May 14 for missing a merger deadline. The company reported a Q1 net loss of $331,900 and holds $8.96 million in trust. Alchemy plans to merge with Cartiga in a $540 million deal, pending shareholder approval and a $40 million cash condition. No PIPE agreement has been finalized.