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Copley Acquisition Corp (NYSE: COPLU) has successfully completed its initial public offering (IPO), raising $172.5 million in gross proceeds. The company offered 17,250,000 units at $10.00 per unit, including 2,250,000 units from the underwriters' full exercise of their over-allotment option.
Each unit comprises one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant allowing the purchase of one Class A ordinary share at $11.50 per share. The units began trading on the NYSE under "COPLU" on May 1, 2025. The Class A ordinary shares and warrants will later trade separately under the symbols "COPL" and "COPLW" respectively. Clear Street served as the sole book-running manager for the offering.
Copley Acquisition Corp has announced the pricing of its $150 million initial public offering, consisting of 15,000,000 units priced at $10.00 per unit. The units will trade on the New York Stock Exchange under the symbol "COPLU" starting May 1, 2025.
Each unit includes one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant allows holders to purchase one Class A ordinary share at $11.50 per share. Once separate trading begins, the shares and warrants will trade under "COPL" and "COPLW" respectively.
Clear Street serves as the sole book-running manager and has a 45-day option to purchase up to 2,250,000 additional units for over-allotments. The offering is expected to close on May 2, 2025. Legal counsel is provided by Winston & Strawn LLP and Appleby (Cayman) Ltd.
