Copley Acquisition Corp Finalizes $172.5 Million IPO

May 4, 2025 by No Comments

HONG KONG, May 02, 2025 — Copley Acquisition Corp (NYSE: COPLU) (the “Company”) announced today the completion of its $172.5 million initial public offering. The offering consisted of 17,250,000 units, including 2,250,000 units issued due to the underwriters fully exercising their over-allotment option, priced at $10.00 each. This resulted in gross proceeds of $172.5 million before accounting for underwriting discounts and estimated offering expenses. The units commenced trading on the New York Stock Exchange (“NYSE”) under the ticker symbol “COPLU” on May 1, 2025.

Each unit includes one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant allows the holder to purchase one Class A ordinary share of the Company at $11.50 per share. Upon separate trading of the unit components, the Class A ordinary shares and warrants are expected to be listed on NYSE under the symbols “COPL” and “COPLW”, respectively.

Clear Street served as the sole book-running manager for the offering. Winston & Strawn LLP acted as legal counsel to the Company, with Appleby (Cayman) Ltd. providing Cayman Islands legal counsel. DLA Piper LLP (US) served as legal counsel to Clear Street.
  
The offering was conducted through a prospectus, obtainable from Clear Street, Attn: Syndicate Department, 150 Greenwich Street, 45th floor, New York, NY 10007, via email at ecm@clearstreet.io, or on the SEC website at www.sec.gov.

The Securities and Exchange Commission (“SEC”) declared the registration statement for these securities effective on April 30, 2025.

This announcement is not an offer to sell or a solicitation of an offer to buy these securities, nor shall any sale occur in any jurisdiction where such offer, solicitation, or sale would be unlawful before registration or qualification under the applicable securities laws.

About Copley Acquisition Corp

Copley Acquisition Corp is a Cayman Islands-incorporated blank check company created to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The Company has not yet identified a specific business combination target, nor has it engaged in substantive discussions with any potential target regarding an initial business combination. While the Company may pursue a business combination in any sector, it intends to focus on businesses in the technology or lifestyle industries.

Forward-Looking Statements

This press release contains forward-looking statements that are subject to risks and uncertainties. These statements, which are not based on historical facts, are subject to risks and uncertainties that could cause actual results to differ materially from those projected. The Company disclaims any obligation to publicly update or revise any forward-looking statements to reflect changes in expectations or in events, conditions, or circumstances on which the statements are based. There is no guarantee that the offering’s net proceeds will be used as indicated. Numerous conditions, many beyond the Company’s control, affect forward-looking statements, including those detailed in the Risk Factors section of the Registration Statement and related prospectus filed with the SEC. Copies are available on the SEC’s website, www.sec.gov.

Contact Information

Copley Acquisition Corp
Suite 4005-4006, 40/F, One Exchange Square
8 Connaught Place, Central, Hong Kong 

Francis Ng
Co-Chief Executive Officer
Email: francis.ng@copleyacquisition.com
Phone: +852 2861 3335

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