Aristeia Capital Files Schedule 13G Reporting 6.23% of COPL
Rhea-AI Filing Summary
Aristeia Capital, L.L.C. reported beneficial ownership of 1,085,430 Class A ordinary shares of Copley Acquisition Corp (CUSIP G24243100), equal to 6.23% of the Class A shares outstanding. The filing states this percentage was calculated by dividing 1,085,430 by 17,422,500, the number of shares outstanding as of June 13, 2025, per the issuer's SEC filing for the quarter ended March 31, 2025. The Schedule 13G indicates the Reporting Person has sole voting and sole dispositive power over all reported shares.
The Schedule includes the issuer's principal executive office address in Hong Kong and the Reporting Person's business address in Greenwich, CT. The filing contains a certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. The form is signed by Andrew B. David on behalf of Aristeia Capital on 08/14/2025.
Positive
- Disclosure of material stake: Reporting of 1,085,430 shares (6.23%) increases transparency about significant ownership in COPL
- Sole voting and dispositive authority: The filer explicitly reports sole voting and sole dispositive power over the disclosed shares
Negative
- None.
Insights
TL;DR: Aristeia discloses a 6.23% passive stake (1,085,430 shares) in COPL via a Schedule 13G.
The filing documents a non-control disclosure of a 6.23% position in Copley Acquisition Corp, based on 17,422,500 shares outstanding as of June 13, 2025. The Reporting Person reports sole voting and dispositive power over the shares but certifies the holdings are in the ordinary course of business and not intended to influence control. For investors, this is a clear, formal ownership disclosure that increases transparency about a >5% holder; it does not, on its face, indicate activist intent or a change in corporate control.
TL;DR: Schedule 13G shows a material (>5%) passive holding; the filer affirms no intent to change control.
The document identifies Aristeia Capital, L.L.C. (Delaware) as the reporting entity and provides principal addresses for both the issuer and reporting person. The filing explicitly states that the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control, consistent with Schedule 13G treatment of passive investors. The clear certification and signature (Andrew B. David, COO) complete the required disclosure elements for a passive >5% holder.