Fri, Jun 13, 8:07 PM (30 days ago)
**Copley Acquisition Corp (COPLU, COPL, COPLW) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $0 (no operational revenue generated as the company is in the pre-combination stage). - **Net Loss:** $74,699, attributed to general and administrative expenses. - **Profit Margins:** Not applicable due to zero revenue. - **Cash Flow:** Net cash used in operating activities was $0, with adjustments for accrued expenses. - **Earnings Changes:** No earnings, as the company is yet to commence operations. **Quarterly Performance Discussion:** - Copley Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination. - The company has not generated any operational revenue and has incurred a net loss of $74,699 for the quarter ended March 31, 2025. - The company successfully closed its Initial Public Offering (IPO) on May 2, 2025, raising $172,500,000 in gross proceeds. - The company has a working capital deficit of $537,214 and faces substantial doubt about its ability to continue as a going concern. **Trends & Uncertainties:** - The company's financial resources are insufficient to sustain operations for a reasonable period, raising concerns about its ability to continue as a going concern. - The company is evaluating options to improve its liquidity position, including raising additional capital through loans or investments. - The company has until 18 months from the closing of the IPO (with possible extensions) to complete its initial business combination. **Future Operations Impact:** - The company will use the proceeds from the IPO and private placement to identify and evaluate target businesses, perform due diligence, and complete a business combination. - The company will incur increased expenses as a publicly traded company and to conduct due diligence on prospective target businesses. - The company's ability to complete a business combination within the specified time frame is uncertain, and failure to do so may result in liquidation.