PART I - FINANCIAL INFORMATION Part I – Financial InformationItem 1. Financial StatementsALCHEMY INVESTMENTS ACQUISITION CORP 1 (1)On October 22, 2024, the Company issued an aggregate of2,874,999shares of its Class A ordinary shares,par value$0.0001per share to Sponsor, and the holder of the Company’s Class B ordinary shares, par value$0.0001per share, upon the conversion of an equal number of Class B Shares. The Class A Shares issued inconnection with the Conversion are subject to the same restrictions as applied to the Class B Shares before (2)On November 7, 2024,10,438,037Class A ordinary shares were redeemed, leaving4,532,462Class AShares, which includes the2,874,999Class A Shares that were issued in exchange for the Class B Shares onOctober 22, 2024, andoneClass B Share. As a result,$114,357,720(or$10.95per share) was removed fromthe Company’s trust account to pay such holders, without taking into account additional allocation of The accompanying notes are an integral part of these unaudited condensed financial statements. ALCHEMY INVESTMENTS ACQUISITION CORP 1CONDENSED STATEMENTS OF OPERATIONS (2)On November 7, 2024,10,438,037Class A ordinary shares were redeemed, leaving4,532,462Class AShares, which includes the2,874,999Class A Shares that were issued in exchange for the Class B Shares onOctober 22, 2024, andoneClass B Share. As a result,$114,357,720(or$10.95per share) was removed fromthe Company’s trust account to pay such holders, without taking into account additional allocation of The accompanying notes are an integral part of these unaudited condensed financial statements. ALCHEMY INVESTMENTS ACQUISITION CORP 1CONDENSED STATEMENTS OF CASH FLOWS Table of Contents ALCHEMY INVESTMENTS ACQUISITION CORP 1NOTES TO CONDENSED FINANCIAL STATEMENTSMARCH 31, 2025 NOTE1. DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS AND GOING CONCERN Alchemy Investments Acquisition Corp 1 (the “Company”) is a blank check company incorporated in CaymanIslands on October27, 2021. The Company was formed for the purpose of entering into a merger, capital shareexchange, asset acquisition, share purchase, reorganization or similar business combination withoneor morebusinesses (a “Business Combination”). The Company is not limited to a particular industry or geographic region As of March 31, 2025, the Company had not commenced any operations. All activity from October 27, 2021(inception) through March 31, 2025 relates to the Company’s formation and initial public offering (“Initial PublicOffering”), and subsequent pursuit of a target company to affect a Business Combination. The Company will notgenerate any operating revenues until after the completion of a Business Combination, at the earliest. The The registration statement for the Company’s Initial Public Offering was declared effective on May4, 2023. OnMay9, 2023, the Company consummated the Initial Public Offering of11,500,000units, (the “Units” and, withrespect to the ClassA ordinary shares included in the Units sold, the “Public Shares”), including1,500,000Units Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of and issued538,000and57,500private placement shares to Alchemy DeepTech Capital LLC (the “Sponsor”) and CantorFitzgerald& Co. (the “Underwriter”), respectively (together, the “Private Placement Shares”) at a price of $10.00per share, generating gross proceeds of $5,955,000, which is described in Note4. The Private Placement Shares The Sponsor, officers and directors have agreed to (i) waive their redemption rights with respect to any PrivatePlacement Shares held by them in connection with the completion of our initial Business Combination, (ii) waivetheir redemption rights with respect to any Private Placement Shares held by them in connection with ashareholder vote to approve an amendment to our Second Amended and Restated Memorandum and Articles ofAssociation (the “Amended and Restated Memorandum and Articles of Association”) (A) to modify the substanceor timing of our obligation to allow redemption in connection with our initial Business Combination or certain Following the closing of the Initial Public Offering on May9, 2023, an amount of $116,725,000from the netproceeds of the sale of the Units in the Initial Public Offering and the sale of the Private Placement Shares wasplaced in a trust account (the “Trust Account”), and will be invested only in U.S. government treasury obligationswith maturities of 185days or less or in money market funds meeting certain conditions under Rule2a-7 under Transaction costs related to the issuances described above amounted to $9,088,588, consisting of $2,300,000ofcash underwriting fees, $5,175,000of deferred underwriting fees and $1,613,588of other offering costs. Inaddition, on March 31, 2025, $351,999of cash and cash equivalents were held outside of the Trust Account and is Table of Contents ALCHEMY INVESTMENTS ACQUISITION CORP 1NOTES TO CONDENSED FINANCIA




