Copley Acquisition, a blank check company targeting the tech and lifestyle sectors in APAC and North America, filed on Friday with the SEC to raise up to $150 million in an initial public offering.
The Hong Kong-based company plans to raise $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed price, Copley Acquisition would command a market value of $205 million.
The SPAC is led by Co-CEO and Director Francis Ng, the founder and CIO of real estate private credit investment management firm Pacific Aegis Capital Management Group, and Co-CEO and Director Chibo Tang, a Managing Partner at venture firm Gobi Partners. It plans to target the technology or lifestyle sectors in the Asia Pacific (ex-China) and North American regions.
Copley Acquisition was founded in 2024 and plans to list on the NYSE but has not selected a symbol yet (RC ticker: COPAU.RC). Clear Street is the sole bookrunner on the deal.
