Copley Acquisition Corp (COPL) Form 10-Q — Aug 17, 2026
Copley Acquisition Corp, a Cayman Islands SPAC trading on the NYSE as COPL, filed its 10-Q for the quarter ended June 30, 2026 reporting net income of $1,485,641 for the quarter and $2,774,553 for the first half, driven entirely by $1,573,751 of quarterly interest on its $181.1 million trust account, as the company has no operations or revenue. On June 10, 2026 the company signed a Business Combination Agreement with Ignite Proteomics, LLC in a transaction implying roughly $150.0 million of merger consideration in Pubco shares at $10.00 per share.
Key figures
- Eps
- 0.12
- Net Income
- 2774553
- Debt Amount
- 441609
- Cash Position
- 3099
- Shares Outstanding
- 16,431,401 Class A and 5,750,000 Class B ordinary shares as of August 14, 2026
- Ipo Date
- May 2, 2025
- Eps Q2 2026
- 0.06
- Sponsor Earn Out
- 4000000
- Ipo Gross Proceeds
- 172500000
- Net Income Q2 2025
- 913544
- Net Income Q2 2026
- 1485641
- Deal Implied Value Usd
- approximately $150.0 million at $10.00 per share
- Trust Account Balance
- 181099044
- Warrants Outstanding
- 8902946
- Minimum Raise By Ignite
- 7500000
- Minimum Raise By Company
- 15000000
- Working Capital Deficit
- 401141
- Deal Termination Deadline
- September 30, 2026
- Deferred Underwriting Fee
- 5175000
- Minimum Financing Required
- at least $22.5 million, up to $30.0 million on a best-efforts basis
- Trust Account Balance Dec2025
- 177971442
- Trust Interest Income H1 2026
- 3127602
- Trust Interest Income Q2 2026
- 1573751
Price after filing
Close on the filing date to close N calendar days later (from $10.50). Historical, not a forecast.
AI analysis
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