Copley Acquisition Corp (COPL) is a blank check special purpose acquisition company incorporated as an exempted company under the laws of the Cayman Islands on November 26, 2024, formed to identify and complete a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more target businesses. The company generates no operating revenues and does not expect to do so until an initial business combination is consummated, as disclosed in its 10-K filed March 31, 2026. IPO proceeds are held in a trust account, with the sponsor and affiliates able to provide working capital loans and extension loans of up to $3,450,000 (assuming full overallotment exercise) to fund transaction costs and extension options. The company intends to focus its acquisition search on technology and lifestyle sectors, reflecting the background of its management team and board. Clear Street LLC served as representative of the underwriters in the IPO that closed April 30, 2025.

Revenue model

No operating revenue as of the 10-K filed March 31, 2026. The company holds IPO proceeds in a trust account and earns interest on that balance. Working capital and extension loans from the sponsor or affiliates may be converted into units at $7.00 per unit at the time of a business combination.

Products and services

Blank check SPAC shell company seeking an initial business combination. Securities issued include Class A ordinary shares, warrants, and units. Sponsor loans may convert into private placement-equivalent units including one-half of one private warrant.

Customers and end markets

No customers or operating end markets as of the 10-K filed March 31, 2026. The target acquisition focus is technology and lifestyle sectors, with no specific target identified at the time of filing.

Value-chain role

Pre-combination SPAC vehicle. Management team led by Co-Chief Executive Officer Francis Chi Yin Ng (since December 3, 2024), who brings over 18 years of fixed income and credit investment experience across Hong Kong, Singapore, South Korea, Mainland China, Australia, the United Kingdom, and the United States, including his role as Chief Investment Officer at Pacific Aegis Capital Management Group since 2018.

Geographic exposure

Incorporated in the Cayman Islands. Management team has investment experience spanning Asia-Pacific, Europe, and the United States. No operating geographic footprint disclosed as of the 10-K filed March 31, 2026.

Source: SEC 10-K, filed 2026-03-31

Industry: Blank Checks