Copley Acquisition Corp (COPL): debt financing — Copley Acquisition Corp issues $450K convertible promissory note to sponsor; $146.6K rolled from prior note

On June 12, 2025, Copley Acquisition Corp (“COPL”) issued an unsecured convertible promissory note in the aggregate principal amount of $450,000 (the “Note”) to Copley Acquisition Sponsors LLC (“Sponsor”). Pursuant to the Note, COPL agreed to repay the outstanding principal amount of the Note on the earlier of (i) the effective date of a business combination, and (ii) COPL’s liquidation (the “Maturity Date”). At any time on or prior to the Maturity Date, Sponsor may elect to convert the outstanding principal balance and interest accrued on the Note into units at a conversion price equal to $7.00 per unit. Each unit consists of one ordinary share and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share. The terms of such units issued in connection with such conversion shall be identical to the private placement units sold by COPL simultaneously with COPL’s initial public offering that closed May 2, 2025. The Note