Alchemy Labs completes $13.7M IPO, lists on TSXV
NameSilo Technologies Corp. portfolio company Alchemy Labs Inc. completed a $13,738,447 IPO via the sale of 13,738,447 units at $1.00 each. The shares are listed on the TSX Venture Exchange under 'ALCH', with trading set to begin on July 13, 2026.
*this image is generated using AI for illustrative purposes only.
NameSilo Technologies Corp. announced that its portfolio company, Alchemy Labs Inc., has successfully completed its Initial Public Offering (IPO), raising total gross proceeds of $13,738,447. The offering consisted of 13,738,447 units priced at $1.00 per unit. The shares have been approved for listing on the TSX Venture Exchange (TSXV) under the trading symbol 'ALCH'.
The shares are currently halted, with the trading halt expected to be lifted and trading to commence on July 13, 2026. This milestone marks Alchemy Labs' transition to a public company, a move supported by NameSilo over the past five years.
NameSilo CEO Paul Andreola highlighted the significance of the IPO, noting the team's execution in building differentiated technologies in the automotive and defense sectors. He emphasized that the successful financing and upcoming listing are a testament to the dedication of Alchemy's management, employees, and shareholders.
IPO Details
| Detail | Information |
|---|---|
| Total Units Offered | 13,738,447 |
| Price per Unit | $1.00 |
| Total Gross Proceeds | $13,738,447 |
| Exchange | TSX Venture Exchange (TSXV) |
| Trading Symbol | ALCH |
| Trading Commencement Date | July 13, 2026 |
NameSilo Technologies Corp. focuses on investing in undervalued companies across various industries, excluding the resource and resource service sectors. The company does not invest on behalf of third parties or offer investment advice. Its subsidiary, NameSilo LLC, operates as a low-cost domain name registrar accredited by ICANN, managing approximately 6.2 million active domains across roughly 160 countries.
How will Alchemy Labs allocate the $13.7 million in gross proceeds to scale its operations in the automotive and defense sectors?
What impact will the successful IPO of Alchemy Labs have on NameSilo Technologies' future investment strategy and portfolio diversification?
How might the listing on the TSX Venture Exchange influence Alchemy Labs' ability to secure additional funding or strategic partnerships?
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