---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-25-003488"
form_type: "8-K"
ticker: "COPL"
cik: "0002045473"
company_name: "Copley Acquisition Corp"
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T05:50:08.209948+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Copley Acquisition Corp closes $172.5M IPO; trust funded at $10.05/unit; going concern flagged

## Summary
- IPO of 17,250,000 units at $10.00/unit (incl. full over-allotment) grossed $172.5M.
- Private placement of 555,893 units to Sponsor generated $4.09M; total trust deposit $173.36M.
- Auditor raised substantial doubt about going concern; cash of $633K and working capital surplus of $323K.
- Trust proceeds held in U.S. government obligations; Company has 18 months to complete business combination.

## SEC filing metadata
- accession: 0001829126-25-003488
- form_type: 8-K
- ticker: COPL
- cik: 0002045473
- company_name: Copley Acquisition Corp
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2045473/000182912625003488/0001829126-25-003488-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2045473/000182912625003488/copleyacq_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-25-003488
- JSON: https://secwatch.observer/filing/0001829126-25-003488.json
- Plain text: https://secwatch.observer/filing/0001829126-25-003488.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.