Copley Acquisition Corp Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
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This security represents redeemable warrants of Copley Acquisition Corp, a special purpose acquisition company (SPAC). These warrants give holders the right to purchase common shares of the combined company at a predetermined strike price, typically exercisable upon completion of a business combination. SPAC warrants provide investors with additional upside potential beyond holding common shares alone. The warrants trade separately from the SPAC's common stock and units, allowing investors to participate in the potential value creation from the eventual business combination.