Copley Acquisition holds extraordinary general meeting
COPL•Copley Acquisition shareholders approved up to 12 monthly extensions of the company’s deadline through November 2, 2027, with a $200,000 trust deposit for each extension. Holders redeemed 12,889,720 shares for about $137.12 million, leaving approximately $46.24 million in trust.
1. Deadline extensions approved
Copley Acquisition shareholders approved amendments allowing up to 12 monthly extensions of the company’s deadline through November 2, 2027, with a $200,000 deposit required for each extension. An initial $200,000 deposit extended the deadline to December 2, 2026, funded through a $2.4 million unsecured, non-interest-bearing promissory note.
2. Redemptions and trust balance
Holders redeemed 12,889,720 Class A ordinary shares at approximately $10.63 each, totaling $137.12 million. Approximately $46.24 million remains in trust.
