Copley Acquisition raises sponsor convertible note cap to $900K; $441,609 outstanding, $7.00/unit conversion

Copley Acquisition Corp

Amended and restated convertible promissory note issued to Copley Acquisition Sponsors LLC on Oct 6, 2026 raises maximum aggregate principal from $450,000 to $900,000; note bears no interest.
Sponsor may convert outstanding amounts into units at $7.00 per unit; each unit is one ordinary share plus one-half warrant, with whole warrants exercisable at $11.50 per Class A share.
Schedule A shows $441,608.97 outstanding: $146,608.97 rolled forward from the June 12, 2025 note plus a $295,000 working capital advance drawn April 10, 2026.
Principal due on the earlier of business combination consummation or COPL's liquidation; advances up to $900,000 are for working capital, and Sponsor waived all claims against the IPO trust account.

This headline and bullets were generated automatically by deepseek-v4.1-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.