**Alchemy Investments Acquisition Corp 1 Approves Charter Amendment and Ratification of Auditors Proposal**

Alchemy Investments Acquisition Corp 1 (NASDAQ: ALCYU) recently held its Annual Meeting on October 31, 2024, where important proposals were discussed and approved by the shareholders.

During the meeting, shareholders granted approval for the Company to extend the date for completing a business combination for an additional three months, or until February 9, 2025. Following this, the Directors have the discretion to further extend the deadline on a month-to-month basis until September 9, 2025. To support this extension, the Company will place $90,000 into the trust account managed by Continental Stock & Transfer Company for the initial three months, followed by $30,000 per month until September 2025. This resolution was considered under the Charter Amendment Proposal.

Additionally, shareholders ratified the appointment of Marcum LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024. This proposal, known as the Ratification of Auditors Proposal, received favorable votes during the Annual Meeting.

With the immediate approval from shareholders, the Company swiftly moved to extend the deadline for the business combination until February 9, 2025, and plans to fund this extension by depositing $90,000 into the trust account by November 9, 2024.

In connection with the decisions made at the Annual Meeting, over 10 million Class A Shares were tendered for redemption, leading to the removal of approximately $114.36 million from the Company’s trust account to facilitate these redemptions. Following this, the trust account now holds around $11.63 million.

The Company highlighted its robust financial position post these decisions and expressed its commitment to adhering to its operational and financial strategies in the upcoming period.

This information was derived from the recent 8-K SEC Filing by Alchemy Investments Acquisition Corp 1. For more comprehensive details, interested parties can refer to the filing directly.

It is essential to note that all decisions were made based on the available information as of the specified dates and are subject to change based on future events and outcomes.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Alchemy Investments Acquisition Corp 1’s 8K filing here.

About Alchemy Investments Acquisition Corp 1

Alchemy Investments Acquisition Corp 1, a special purpose acquisition company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It plans to focus on companies acquiring, processing, analysing, and utilizing data acquired from various systems and sources.