Alchemy Investments Acquisition Corp 1 10-K Cybersecurity GRC - 2024-04-16

Page last updated on July 16, 2024

Alchemy Investments Acquisition Corp 1 reported their cybersecurity risk management and governance process in a yearly 10-K filed on 2024-04-16 17:09:43 EDT.

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10-K filed on 2024-04-16

Alchemy Investments Acquisition Corp 1 filed a 10-K at 2024-04-16 17:09:43 EDT
Accession Number: 0001410578-24-000490

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Item 1C. Cybersecurity.

Item 1C. CYBERSECURITY We are a special purpose acquisition company with no business operations. Since our initial public offering, our sole business activity has been identifying and evaluation suitable targets for an initial business combination. Therefore, we do not consider that we face significant cybersecurity risk and have not adopted any cybersecurity risk management program or formal processes for assessing, identifying, and managing material risks from cybersecurity threats. On the banking side, for both the trust account and the operating account we depend on technologies provided by third parties which may remain vulnerable to cyber attacks. Our board of directors is ultimately responsible for overseeing our risk management activities in general and, as deemed necessary by our management team, will be informed of any cybersecurity threats or risks that may arise. In fiscal year 2023, we did not identify any risks from cybersecurity threats that have materially affected or are reasonably likely to materially affect us, including our business strategy and results of operations. We did however experience a phishing accident from a bad actor who tried to re-direct a vendor payment to their bank account, but it was promptly stopped. Such incident had no material effect on us, our business strategy and results of operations.

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