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In a recent transaction, Li Tok, the Chief Legal Officer and a ten percent owner of Copley Acquisition Corp (NASDAQ:COPL), acquired a significant number of shares and warrants. According to a filing with the Securities and Exchange Commission, Tok purchased 555,893 Class A Ordinary Shares and 277,946 Private Placement Warrants on May 2, 2025. The total value of these acquisitions amounted to approximately $4.09 million, representing nearly one-third of the company’s current market capitalization of $12.75 million.
The shares and warrants were acquired as part of a private placement, coinciding with Copley Acquisition Corp’s initial public offering. The purchase included one Class A ordinary share and one-half of one redeemable warrant per placement unit, at varying prices of $10.00 and $7.00 per unit.
Following these transactions, Li Tok now holds 630,5893 Class A Ordinary Shares indirectly through Copley Acquisition Sponsors LLC, where Tok is the sole managing member. The acquired warrants will become exercisable 30 days after the completion of Copley Acquisition Corp’s initial business combination, with an exercise price set at $11.50 per Class A ordinary share.
These transactions highlight Tok’s continued investment in Copley Acquisition Corp as the company progresses through its public offering phase.
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