Copley Acquisition Corp signs $150M merger with Ignite Proteomics, needs $22.5M minimum cash

Filed June 11, 2026 · Period ending June 10, 2026 · ~1 min read

Key Changes

• high

  SPAC Copley signed definitive merger agreement with Ignite Proteomics on June 10, 2026, valuing Ignite at $150M in stock (15M shares at $10/share). Deal takes Ignite public through typical de-SPAC structure.

  Item 1.01: Business Combination Agreement verify on EDGAR →
• high

  Deal requires minimum $22.5M cash at closing: Copley must deliver $15M (from trust after redemptions plus new financing) and Ignite must raise $7.5M. Both parties seeking additional capital—Copley up to $20M, Ignite up to $10M.

  Item 1.01: Minimum Cash Conditions verify on EDGAR →
• medium

  Combined company will pay $4M cash to Copley Acquisition Sponsors Limited (a BVI entity) at closing, separate from main sponsor compensation. Represents additional insider consideration.

  Item 1.01: Sponsor Payment verify on EDGAR →