Here are the 10-K annual reports from Copley Acquisition Corp (COPL) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow COPL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full COPL filings page.
Copley Acquisition Corp, a Cayman Islands-based blank check company listed on the NYSE, filed its annual report for the year ended December 31, 2025. The SPAC raised $173,362,500 in its May 2, 2025 IPO and private placement, placing these funds in a U.S. trust account.
The company has not generated operating revenues and reported 2025 net income of $4,133,810, driven mainly by dividends and interest on trust investments, compared with a $68,787 net loss for the 2024 pre-IPO period. As of March 31, 2026, it had 17,978,393 Class A and 5,750,000 Class B ordinary shares outstanding.
Management highlights a working capital deficit of $78,092 and limited cash of $67,568 outside the trust, and concludes there is substantial doubt about the company’s ability to continue as a going concern without additional financing or completing a business combination within its 18–24 month completion window. The report details SPAC mechanics, including redemption rights at approximately $10.05 per public share, the 80% fair market value test for a target, sponsor-related financing arrangements, and the potential need for working capital or extension loans from the sponsor.