secwatch.observer — SEC 8-K summary
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Issuer:     Copley Acquisition Corp (COPL)
CIK:        0002045473
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001829126-25-003488
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2045473/000182912625003488/0001829126-25-003488-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2045473/000182912625003488/copleyacq_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-003488

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