Copley Acquisition Corp notified the SEC it will not timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2026. The registrant states it needs additional time to work with its advisor, auditor, and legal counsel to prepare and finalize the filing and anticipates filing no later than the fifth calendar day following the prescribed due date.
The notification is signed by Francis Chi Yin Ng, Chief Executive Officer, dated May 15, 2026, and provides a Hong Kong contact telephone number.
W. R. Berkley Corporation filed an amendment to a Schedule 13G disclosing beneficial ownership of 1,027,624 Class A ordinary shares of Copley Acquisition Corp. The filing reports 5.7% of the class with shared voting and shared dispositive power of 1,027,624 shares. The CUSIP is G24243100. The cover shows a 03/31/2026 reporting date and the amendment was signed on 05/07/2026.
Copley Acquisition Corp, a Cayman Islands-based blank check company listed on the NYSE, filed its annual report for the year ended December 31, 2025. The SPAC raised $173,362,500 in its May 2, 2025 IPO and private placement, placing these funds in a U.S. trust account.
The company has not generated operating revenues and reported 2025 net income of $4,133,810, driven mainly by dividends and interest on trust investments, compared with a $68,787 net loss for the 2024 pre-IPO period. As of March 31, 2026, it had 17,978,393 Class A and 5,750,000 Class B ordinary shares outstanding.
Management highlights a working capital deficit of $78,092 and limited cash of $67,568 outside the trust, and concludes there is substantial doubt about the company’s ability to continue as a going concern without additional financing or completing a business combination within its 18–24 month completion window. The report details SPAC mechanics, including redemption rights at approximately $10.05 per public share, the 80% fair market value test for a target, sponsor-related financing arrangements, and the potential need for working capital or extension loans from the sponsor.
Copley Acquisition Sponsors, LLC and Tok Li reported significant ownership in Copley Acquisition Corp’s Class A ordinary shares. As of November 12, 2025, they may be deemed to beneficially own 6,305,893 ordinary shares, equal to 26.57% of the company’s outstanding ordinary shares.
The holding consists of 555,893 Class A shares from private placement units and 5,750,000 Class B founder shares that are convertible into Class A shares on a one-for-one basis, subject to adjustments and completion of the business combination. Warrants to buy an additional 277,946 Class A shares are excluded because they are not exercisable within 60 days.
Copley Acquisition Corp received an amended Schedule 13G showing that Bank of Montreal and its affiliates no longer beneficially own any of its units. The filing reports that Bank of Montreal, Bank of Montreal Holding Inc., and BMO Nesbitt Burns Inc. each hold 0 units, representing 0% of the class.
The units consist of one Class A ordinary share and one-half of one warrant. The reporting persons state they acquired and hold any referenced securities in the ordinary course of business and not for the purpose of changing or influencing control of Copley Acquisition Corp.
Karpus Management, Inc. filed a Schedule 13G reporting beneficial ownership of 1,359,828 shares of Copley Acquisition Corp common stock, representing 5.73% of the class as of 09/30/2025.
Karpus, a registered investment adviser, reports sole voting power over 1,359,828 shares and sole dispositive power over 1,359,828 shares, with zero shared voting or dispositive power. The filing states the securities were acquired and are held in the ordinary course of business and not to change or influence control. Karpus is controlled by City of London Investment Group plc, but effective informational barriers mean voting and investment power are exercised independently by Karpus.
Copley Acquisition Corp filed its Q3 2025 report. The SPAC posted net income of $1,731,604 for the quarter, mainly from $1,802,094 in dividends on funds held in its trust account, while general and administrative costs were $72,530. Year-to-date net income was $2,570,449.
As of September 30, 2025, cash and investments in the trust totaled $176,279,847, reflecting proceeds from its IPO of 17,250,000 units (including the full over-allotment) and a concurrent private placement. Operating cash on hand was $92,221 and working capital showed a surplus of $27,392.
Management disclosed a going concern uncertainty due to limited liquidity to fund ongoing public-company costs and business combination activities without additional financing. The company continues to seek a target; no operating revenues are expected until a business combination is completed. As of November 12, 2025, Class A shares outstanding were 17,978,393 and Class B shares outstanding were 5,750,000.
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.
W. R. Berkley Corporation and its subsidiary Berkley Insurance Company report beneficial ownership of 928,219 Class A Ordinary Shares of Copley Acquisition Corp, equal to 5.2% of the outstanding Class A shares based on the issuer's reported outstanding share count of 17,978,393. The filing shows shared voting and shared dispositive power for all 928,219 shares and no sole voting or dispositive power, indicating the position is held jointly rather than under single-entity control.
The statement is filed on Schedule 13G and includes 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 of the issuer. The reporting persons are identified as W. R. Berkley Corporation and Berkley Insurance Company, both organized in Delaware, with a reported principal address in Greenwich, Connecticut.