Polar Asset Management Partners Inc. reduced its position in shares of Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY – Free Report) by 47.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,162 shares of the company’s stock after selling 48,272 shares during the period. Polar Asset Management Partners Inc. owned about 1.26% of Alchemy Investments Acquisition Corp 1 worth $632,000 at the end of the most recent reporting period.
Separately, Clear Street Group Inc. raised its stake in Alchemy Investments Acquisition Corp 1 by 131.6% during the fourth quarter. Clear Street Group Inc. now owns 15,000 shares of the company’s stock worth $213,000 after acquiring an additional 8,524 shares during the period. 92.46% of the stock is currently owned by hedge funds and other institutional investors.
Alchemy Investments Acquisition Corp 1 Price Performance
Shares of NASDAQ ALCY opened at $11.80 on Tuesday. The firm’s 50-day moving average price is $11.78 and its two-hundred day moving average price is $11.81. Alchemy Investments Acquisition Corp 1 has a 52-week low of $10.25 and a 52-week high of $15.90.
Alchemy Investments Acquisition Corp 1 Profile
Alchemy Investments Acquisition Corp 1 is a special purpose acquisition company (SPAC) formed under Delaware law in 2021 with the primary objective of effecting a merger, share exchange, asset acquisition or similar business combination. The company completed its initial public offering on the Nasdaq under the ticker ALCY, offering units that consist of one share of common stock and one-half of a redeemable warrant. As a blank‐check entity, Alchemy Investments Acquisition Corp 1 does not have any operations or revenues of its own but is dedicated to identifying and acquiring one or more businesses.
The sponsor of the company, Alchemy Investments, LLC, is an investment management firm headquartered in New York.
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