Copley Acquisition Closes $172.5 Million IPO

MT Newswires Live

May 03, 2025

Copley Acquisition (COPLU) said Friday it closed its initial public offering of 17.25 million units, including 2.25 million units after the underwriters exercised an over-allotment option in full, at $10 per unit, for gross proceeds of $172.5 million.

The units started trading on the New York Stock Exchange on Thursday under the ticker COPLU, the company said.

Each unit comprises one Class A share and one-half of one redeemable warrant, the company said, adding each whole warrant allows the holder to buy one Class A share at $11.50 per share.

Once the securities comprising the units start separate trading, the Class A shares and warrants are expected to be listed on NYSE under the tickers COPL and COPLW, respectively, the company said.

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