secwatch.observer — SEC 8-K summary
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Issuer:     Copley Acquisition Corp (COPL)
CIK:        0002045473
Form:       8-K
Filed at:   2025-06-13T23:59:59+00:00
Accession:  0001829126-25-004484
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Copley Acquisition Corp issues $450K convertible promissory note to sponsor; $146.6K rolled from prior note
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- Unsecured convertible note to Copley Acquisition Sponsors LLC; principal up to $450,000 for working capital.
- Outstanding balance of $146,608.97 from a previous promissory note rolled into the new note.
- Note bears no interest, with maturity on earlier of business combination or company liquidation.
- Sponsor may convert principal at $7.00/unit into units identical to private placement units (one share + half warrant).
- Sponsor waives all claims against the trust account; note repayable only from funds outside trust if no deal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2045473/000182912625004484/0001829126-25-004484-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2045473/000182912625004484/copleyacq_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-004484

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