Copley Acquisition Expands Sponsor Convertible Note to $900,000, Convertible at $7.00 Per Unit
Copley Acquisition amended a convertible note with its sponsor, increasing funding to $900,000 for working capital. The note is interest-free and repayable at the earlier of a business combination or liquidation. The sponsor can convert amounts into units at $7.00 per unit, each including one share and a half warrant. Repayment, if no combination occurs, comes from non-trust funds. According to the company, the agreement was signed on October 6, 2026.

