Copley Acquisition Corp Increases Convertible Note to $900,000

Copley Acquisition Corp (COPL) has amended and restated its convertible promissory note with Copley Acquisition Sponsors LLC, increasing the maximum principal amount from $450,000 to $900,000. The note, which bears no interest, is due upon the consummation of a business combination or COPL's liquidation. The Sponsor has the option to convert outstanding amounts into units at $7.00 per unit before the maturity date. The proceeds are intended for working capital purposes.