UNITED STATES

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~April~~November 2124, 2010

~~Alchemical Capital~~Advanced ~~Corp~~Water Technology Holdings, Inc. (Exact name of Registrant as Specified in its Charter)

(Exact name of Registrant as Specified in its Charter)

Delaware	0-58513	26-2814324
(State or Other Jurisdiction of Incorporation or Organization)	(Commission file number)	(I.R.S. Employer Identification Number)

Florida	000-53347	26-2814324
(State or Other Jurisdiction of Incorporation or Organization)	(Commission file number)	(I.R.S. Employer Identification Number)

1001 Bayhill Drive, 2^nd Floor
San Bruno, California 94066
(Address of Principal Executive Offices including Zip Code)

~~1001~~(650) 438-0928 ~~Bayhill~~(Registrant’s ~~Drive~~Telephone Number, ~~2nd Floor~~including Area Code)

~~San~~ Alchemical Capital ~~Bruno~~Corporation (Former name or former address, ~~California 94066~~if changed since last report.)

(Address of Principal Executive Offices including Zip Code)

(650) 438-0928

(Registrant’s Telephone Number, including Area Code)

1560 Calais Drive

Miami, Florida 33141

Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~Item 1.01 Entry~~[ ~~into~~] Soliciting amaterial ~~Material~~pursuant to Rule 14a-12 under the Exchange ~~Definitive~~Act ~~Agreement~~(17 CFR 240.14a-12)

On[ April 21, 2010, Willowhuasca Wellness, Inc., a Florida corporation, and Narayan Capital Funding Corp., a Florida corporation (each a “Seller” and collectively, the “Sellers”), completed the sale of 2,970,000 shares of common stock of Alchemical Capital Corp., a Florida corporation (the “Company”), to Advanced Water Technologies, Inc. (the “Purchaser”). The sale resulted in the transfer of ninety] Pre-~~nine~~commencement ~~percent (99%) of the issued and outstanding shares of~~communications ~~capital~~pursuant ~~stock of the Company~~ to ~~the~~Rule Purchaser, which resulted in a change in control of the Company. Narayan Capital Funding Corp. retains 27,000 shares of common stock and Willowhuasca Wellness, Inc. retains 3,000 shares of common stock, representing an aggregate of one (1%) percent of the issued and outstanding shares of capital stock of the Company retained by the Sellers. Sellers and Purchaser agreed that, during the six (6) month period following April 21, 2010 (the “Closing Date”), the Purchaser may effect a reverse split or a forward split event (each a “Recapitalization Event”) so long as such Recapitalization Event effects all shareholders immediately prior to the recapitalization on a pro rata basis. Each of the Sellers severally agreed to lock up, leak14d-~~out provisions that will last with an agreed lock-up, leak-out of no more than ten~~ 2(~~10%~~b) ~~percent~~under ~~per day of~~ the ~~daily~~Exchange ~~trading volume~~Act ~~in a single day and no more than a cumulative of ten~~ (~~10%)~~17 ~~percent~~CFR per month of the monthly volume and no more than ten (10%) percent per month of their total share ownership as measured by their initial holding, of the each of the Sellers individual ownership interest percentage of the shares of Common Stock, as measured on the date that the shares of Common Stock become free trading shares AND are eligible for trading on the OTCBB, AMEX, NASDAQ or NYSE Stock Market, whichever listing or quotation occurs first240. ~~In addition, if the trading strike price falls below Two Dollars ($~~14d-2~~.00) during the first~~ (~~1st~~b) ~~year of trading, Purchaser agrees to provide both Sellers with an additional Thirty Thousand (30,000~~) ~~Shares of Common Stock, to be divided equally pursuant to the Sellers individual ownership percentage.~~

~~In connection~~[ ~~with~~] Pre-commencement ~~this transaction, the Company entered into a definitive stock~~communications ~~purchase~~pursuant ~~agreement with the Sellers and the Purchaser, which has been included as an exhibit~~ to ~~this~~Rule ~~report on Form 8~~13e-~~K. The~~4(c) ~~description~~under of the ~~material~~ ~~terms~~Exchange ofAct ~~the~~(17 ~~aforementioned~~CFR ~~stock purchase agreement included in Items 5~~240.~~01 and 5.02 of this Form 8~~13e-~~K is incorporated by reference into this Item.~~4(c))

Item 5.~~01 Changes~~02 ~~in Control~~Departure of ~~Registrant~~Directors or Certain Officers; Election of Directors: Appointment of Certain Officers

On ~~April 21~~November 24, 2010, the ~~Sellers~~Board ~~consummated the sale~~ of ~~2,970,000 shares of common stock~~Directors of ~~the~~Advanced ~~Company~~Water toTechnology ~~the Purchaser for an aggregate purchase price of $30~~Holdings,~~000, which~~ constituted ninety-nine percent (99%) of the issued and outstanding shares of common stock of the Company. The Purchaser received 2,673,000 shares of common stock from Narayan Capital Funding Corp. for the purchase price of $27,500, and 297,000 shares of common stock from Willowhuasca Wellness, Inc. ~~for~~ ~~the purchase price of $2,500. The Sellers retain 27,000 shares and 3,000 shares respectively, representing a one percent~~ (~~1%) retained ownership in~~ the “Company~~. Following the stock purchase transaction, the Purchaser owned a ninety-nine percent (99%~~”) ~~controlling~~appointed ~~interest~~new inofficers ~~the Company. The consideration necessary to complete the stock purchase transaction was from the Purchaser’s working capital. Basilio Chen is the current Chairman~~ of the Board of Directors, Chief Executive Officer and President of the Purchaser, and Benjamin Chen is the Secretary, Treasurer and Director of the Purchaser and thus both persons maintain voting and investment control with respect to the shares of common stock of the Company ~~held~~as ~~by the Purchaser. Basilio Chen is also the newly appointed Chief Executive Officer, President, Secretary and Treasurer and sole director of the Company.~~follows:

~~Except as modified by the statements contained in this report, the statement contained in the Company’s Form 10-K for the year ended December 31, 2009, filed with the U~~R.S. ~~Securities~~Dixon &“Dirk” ~~Exchange Commission on March 29~~Speas, ~~2010,~~Vice ~~and~~President ~~which~~of isBusiness ~~incorporated by reference into this report, has not changed.~~Operations

~~Item~~Mr. Speas, age 64, has been in global high 5technology for thirty (30) years working for such well known companies as ROLM Corporation, Aspect Communications, Latitude Commications and Cisco Networks with emphasis on international sales, operations, customer support and manufacturing.~~02 Departure~~ From February, 2009 to ofpresent, ~~Directors~~Mr. orSpeas ~~Principal~~has ~~Officers;~~been ~~Election~~self ofemployed ~~Directors;~~as ~~Appointment~~a consultant for Informatica. From February 2008 to January 2009, Mr. Speas was Vice President of Worldwide Services involved with professional services, customer support and education. From September 2007 to January ~~Principal~~2008, ~~Officers~~Mr. Speas worked for SSN Networks Inc as Vice President, Global Customer Support and responsible for manufacturing, implementation and customer support. From January 2006 to August 2007, Mr. Speas was Vice President, Worldwide Customer Services and responsible for professional services, customer support and hosting operations. Mr. Speas, who was a CPA with Ernst and Ernst prior to moving into the private industry, received a BS in Industrial Engineering and a MS in Operations Research in 1970 and an MBA in 1975 from Stanford University.

AsKim ~~set forth in the definitive stock purchase agreement~~Le, ~~Robert~~Vice ~~Papiri, the~~ President~~, Secretary~~ ~~and Treasurer and sole director~~ of the Company, resigned from all positions with the Company on April 21, 2010, and Basilio Chen replaced such person as the Chief Executive Officer, President, Secretary and Treasurer and sole director of the Company. Basilio Chen will serve as the Chief Executive Officer, President, Secretary and Treasurer of the Company until his successor is duly elected or qualified, and serve his term as director ending on the date of the next annual meeting of the shareholders of the Company, or until his successor is duly elected or qualified. The Company does not presently anticipate entering into an employment agreement with Mr. Chen. Mr. Papiri has stated in his resignation letter, dated April 21, 2010, that his resignation does not in any way imply or infer any dispute or disagreement relating to the Company’s operations, policies or practices.Finance

-Ms. 2Le, 38, has over 15 years of experience in accounting, auditing and consulting. She worked for Arthur Andersen from 1994 to 2002, Protiviti from 2002 to 2003 and since 2003, Ms. Le is the owner, founder and Chief Executive of A2Q2, offering professional services specializing in Sarbanes Oxley Compliance, accounting “clean up” projects, internal audit and business project optimization. Ms. Le is also a software developer having produced and marketed SoxRox*, a web based software service application used to efficiently plan, document, test and report Sarbanes-Oxley compliance efforts. In addition, Ms. Le developed ComplianceRox* to manage internal audit engagements. Ms. Le is a graduate of Arizona State University having received her BS in Accounting (Cum Laude) in 1995.

~~The~~Section ~~following~~5.03 ~~table~~Amendments ~~sets~~to ~~forth~~Articles ~~certain information regarding the members~~ of ~~our~~Incorporation ~~Board~~or ~~of Directors and our sole~~Bylaws; ~~executive~~Change ~~officers~~in asFiscal ~~of April 26, 2010~~Year.

Name		Age		Positions and Offices Held
Basilio Chen		57		Chairman of the Board, President, Chief Executive Officer, Secretary and Treasurer

On November 24, 2010 the Company redomiciled, solely for the purpose of redomiciling, from the State of Florida to the State of Delaware and changed its name to Advanced Water Technology Holdings, Inc. Additionally, the Certificate of Conversion/Certificate of Incorporation, which is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated into this Item 5.03 by reference, increased the Company’s authorized shares of stock to (i) 75,000,000 shares of common stock, par value $.0001; and (ii) 25,000,000 shares of preferred stock, par value $.0001.

~~Basilio~~On ~~Chen. From 2005~~November ~~until present~~24, ~~Basilio Chen has been the Managing Partner of Evotech Management Corporation~~2010, ~~an international strategic consulting firm. From March 2008 until present, Basilio Chen has been~~ the ~~Chairman~~ ofCompany ~~the Board and from January 2009 to present, Chief Executive Officer~~effected ~~of Advance Water Technologies Inc.,~~ a ~~water~~forward ~~technology company. Basilio~~stock ~~Chen~~split ~~has over 25 years~~ of ~~experience in~~ the ~~telecommunications,~~ ~~computer,~~Company’s ~~green~~Common ~~technologies,~~Stock ~~and~~at ~~health~~a ~~industries,~~forward ~~and over~~split 15ratio ~~years in management and finance. Basilio Chen is an alumni~~ of ~~La Salle College, Panama, an Eta Kappa Nu and Tau Beta Pi graduate in Electronics & Electrical Engineering (Cum Laude) from California Polytechnic State University~~2. ~~In 1975~~25-for-1, ~~Basilio~~pursuant ~~Chen~~to ~~attended the Florida State University Master of Business Administration program and subsequently as~~ a ~~post-graduate~~plan atapproved by the ~~University of British Columbia in 1976, focusing his research in Dynamic Signature Pattern Recognition and Shannon'~~Company’s ~~Information~~ ~~Theory. Basilio~~Board ~~Chen is a registered professional engineer in the Republic~~ of ~~Panama~~Directors. ~~Basilio Chen has given over 200 seminars worldwide in topics ranging from technology, business and health. Basilio Chen is fluent in English, Chinese and Spanish.~~

~~Item~~As a result of the forward stock split, 9every pre-split share of the Company's common stock issued by the Company as Alchemical Capital Corp.~~01 Exhibits~~, prior to the redomicile, issued and outstanding immediately prior to November 24, 2010 was automatically exchanged for 2.25 post-split shares of common stock, $.0001 par value per share, with any fractional shares resulting from the exchange being rounded up to the nearest whole share (the “Stock Split”). Accordingly, the number of shares of the Company's common stock issued and outstanding has been increased from 3,000,000 shares to approximately 6,750,000 shares, without accounting for fractional shares.

Exhibit No.	Description	Incorporated Herein by Reference to	Filed Herewith
10.1	Share Purchase Agreement dated April 21, 2010 by and among Narayan Capital Funding Corp. and Willowhuasca Wellness, Inc., as sellers, Advanced Water Technologies Inc., as buyer, and Alchemical Capital Corp.		X
10.2	Form 10-K for the Year Ended December 31, 2009	Filed on March 29, 2010
99.1	Letter of Resignation – Robert Papiri		X

The Company has elected to treat the Stock Split as a non-mandatory exchange. As a result, there will be no letter of transmittal sent to the Company’s shareholders directing them to exchange their existing stock certificates. Rather, shareholders will retain their existing pre-split stock certificates until such time as they are submitted to the Company.

-On 3November 24, 2010 the Board of Directors -(the "Board") of the Company amended the Bylaws of the Company as described below.

~~SIGNATURES~~The Bylaws of the Company were replaced in their entirety with new Bylaws (“New Bylaws”). The New Bylaws are in conformance with rules and regulations of Delaware Revised Statutes. The Board believes the New Bylaws are part of good corporate governance and is a result of the Board's continuing review of the corporate governance structure of the Company.

~~Pursuant to~~The ~~the~~foregoing ~~requirements~~description of the ~~Securities~~New Bylaws ~~Exchange~~does ~~Act~~not ofpurport ~~1934,~~to be complete and is qualified in its entirety by reference to the ~~registrant~~New ~~has duly~~Bylaws, ~~caused~~which ~~this~~is ~~report~~filed as Exhibit 3.2 to bethis ~~signed~~Current Report on ~~its~~Form ~~behalf~~8-K byand ~~the~~is ~~undersigned~~incorporated ~~hereunto duly~~into ~~authorized~~this Item 5.03 by reference.

~~ALCHEMICAL CAPITAL~~Item ~~CORP~~9.01. Financial Statements and Exhibits

~~(Registrant)~~ Exhibit Index

~~Dated:~~3.1 Certificate ~~April~~of 23Conversion/Certificate of Incorporation of Advanced Water Technology Holdings, Inc. filed with the Delaware Secretary of State on November 24, 2010.

3.2 New By~~: /s/~~-laws ~~Basilio Chen~~ of Advanced Water Technology Holdings, Inc.

adopted by the ~~Basilio Chen~~Board of Directors November 24, 2010.

~~Chief Executive Officer and President~~SIGNATURES

-Pursuant 4to the requirements -of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

~~Alchemical Capital~~ADVANCED ~~Corp.~~WATER TECHNOLOGY

~~Index~~HOLDINGS, ~~to Exhibits~~INC.

Exhibit No.	Description	Incorporated Herein by Reference to	Filed Herewith
10.1	Share Purchase Agreement dated April 21, 2010 by and among Narayan Capital Funding Corp. and Willowhuasca Wellness, Inc., as sellers, Advanced Water Technologies Inc., as Buyer, and Alchemical Capital Corp.		X
10.2	Form 10-K for the Year Ended December 31, 2009	Filed on March 29, 2010
99.1	Letter of Resignation – Robert Papiri		X

(Registrant)

-Dated: ~~5 -~~November 29, 2010

By: /s/ Basilio Chen

Basilio Chen

President, Secretary and Treasurer

Filing Compare · Advanced Water Technology Holdings, Inc.