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Copley Acquisition Corp Announces Shareholder Approval of Extension of Termination Date and Contribution to Trust Account to Extend Termination Date

GlobeNewswire

HONG KONG, Nov. 05, 2026 -- Copley Acquisition Corp (NYSE: COPL, the “Company”), a special purpose acquisition company, announced today that at an extraordinary general meeting of its shareholders convened on October 29, 2026 and adjourned to November 2, 2026 (the “Extraordinary General Meeting”), the Company’s shareholders approved, by special resolution, a proposal to amend the Company’s Amended and Restated Memorandum and Articles of Association (the “Articles”) to permit the Company, by resolution of the Company’s board of directors, to extend the date by which the Company must consummate an initial business combination (the “Termination Date”) up to 12 times, by one month each time, from November 2, 2026 to November 2, 2027 (i.e., for a period of time ending up to 30 months after the consummation of its initial public offering), provided that, for each such monthly extension, the Company deposits, or causes to be deposited, $200,000 into the Company’s trust account (the “Trust Account”) (the “Extension Amendment”). The Extension Amendment became effective upon its approval by the Company’s shareholders on November 2, 2026. In connection therewith, on November 2, 2026, the Company issued an unsecured non-interest-bearing promissory note to Copley Acquisition Sponsors, LLC, the Company’s sponsor (the “Sponsor”), with a principal amount of $2,400,000, pursuant to which the Sponsor agreed to loan to the Company up to $2,400,000 to be deposited into the Trust Account. The note matures upon the earlier of the closing of the Company’s initial business combination and the Company’s liquidation.

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