Copley Acquisition Corp (COPL.W) Warrant
Each COPL.W warrant gives the holder the right to buy 1 share of Copley Acquisition Corp at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.59, below the strike, so the warrant is out of the money. Copley Acquisition Corp has a market value of about $234.79M. Copley Acquisition Corp is a SPAC (deal signed with Ignite Proteomics, LLC). It must complete a deal by November 2, 2026 or the warrants expire worthless. There are 8.62M listed warrants; exercising all of them would add 38.9% to the 22.18M shares outstanding.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $11.52
From the issuer's S-1/A (2025-04-23).
Company and stock
- Company
- Copley Acquisition Corp
- Underlying stock
- COPL
- Share price
- $10.59
- Market cap
- $234.79M
- Shares outstanding
- 22.18M
- 12-month range
- $10.11 – $10.59
- 12-month change
- +5%
- Value of all listed warrants
- $172.50K (0.1% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- George Town, Cayman Islands
- Incorporated in
- Cayman Islands
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.0200
- Price / model
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Dilution
- Shares outstanding
- 22.18M
- Listed warrants
- 8.62M
- Dilution if all exercised
- 38.9%
Warrant count from filing text: public warrants.
SPAC deal
- Status
- deal signed
- Target
- Ignite Proteomics, LLC
- Deal announced
- 2026-06-10
- Deadline
- 2026-11-02
- Latest possible deadline
- 2027-08-02
- Trust per share
- $10.50
- Sponsor
- Copley Acquisition Sponsors LLC
- Sponsor's earlier SPACs
- 0 (0 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about COPL.W
When does the COPL.W warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of COPL.W?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many COPL.W warrants are outstanding?
8.62M listed warrants, equal to 38.9% dilution if all are exercised.
Related warrants
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