secwatch.observer — SEC 8-K summary
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Issuer:     Copley Acquisition Corp (COPL)
CIK:        0002045473
Form:       8-K
Filed at:   2026-10-09T21:00:17+00:00
Accession:  0001829126-26-010994
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2045473/000182912626010994/0001829126-26-010994-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2045473/000182912626010994/copleyacq_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-26-010994

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