Copley Acquisition, a blank check company targeting the tech and lifestyle sectors in APAC and North America, raised $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.
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 plans to list on the NYSE under the symbol COPLU. Clear Street acted as sole bookrunner on the deal.
