Alchemy SPAC Pursues PIPE Financing for Cartiga Merger Post-Fund Close
Alchemy Investments Acquisition Corp. 1 is evaluating a potential private investment in public equity (PIPE) to support its proposed business combination with Cartiga and the post-closing plan. On March 10 Cartiga completed first closing of its LBS Income Fund anchored by a leading global alternative asset manager.
1. Evaluation of Potential PIPE Financing
Alchemy Investments Acquisition Corp. 1 has begun preliminary discussions with investors on a potential PIPE to fund its merger with Cartiga and support the combined entity’s growth strategy. No definitive agreements have been signed, and the company has not disclosed target financing size or specific terms.
2. Cartiga’s LBS Income Fund First Closing
On March 10 Cartiga completed the first closing of the LBS Income Fund, a private credit vehicle focused on litigation finance across consumer pre-settlement advances and commercial attorney financing. The initial subscription was anchored by a leading global alternative asset manager, providing direct asset exposure to institutional investors.
3. Outlook for Combined Company’s Growth
Management expects the PIPE and public listing to position Cartiga to capitalize on organic growth and sector consolidation in litigation finance and legal services. Growth drivers include continued origination of data-driven assets and potential fee revenue from synthetic equity participations and managed services structures.