Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Market Information
Our securities, Class A ordinary shares, and warrants are listed on the NYSE under the symbols “COPLU”, “COPL”, and “COPLW”, respectively.
Holders
As of December 31, 2025, there
were six holders of record of our securities, two holders of record of our Class A ordinary shares, one holder of record of our Class
B ordinary shares, one holder of record of our public warrants, one holder of record of our private placement warrants, and two holders
of record of our units. The number of holders of record does not include a substantially greater number of “street name” holders
or beneficial holders whose units, Class A ordinary shares and public warrants are held of record by banks, brokers and other financial
institutions.
Dividends
We have not paid any cash dividends on our ordinary shares to date and do not intend to pay cash dividends prior to the completion of an initial business combination. The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial conditions subsequent to completion of an initial business combination. The payment of any cash dividends subsequent to an initial business combination will be within the discretion of our board of directors at such time. If we incur any indebtedness, our ability to declare dividends may be limited by restrictive covenants we may agree to in connection therewith.
Securities Authorized for Issuance under Equity Compensation Plans
None.
Recent Sales of Unregistered Securities; Use of Proceeds from Registered Offerings
On December 3, 2024, our sponsor paid certain offering costs that aggregated to $25,000 in exchange for 5,750,000 founder shares. Such securities were issued in connection with our organization pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act. Our sponsor is an accredited investor for purposes of Rule 501 of Regulation D.
Simultaneously with the closing of our initial public offering, our sponsor purchased from us, on a private placement basis, 555,893 placement units for an aggregate purchase price of $4,093,750. This issuance was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.
Following the closing of our initial public offering, a total of $173,362,500 comprised of the proceeds from the initial public offering (which amount includes $5,175,000 of the underwriters’ deferred discount) and the private placement, was placed in a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee. The proceeds held in the trust account may be invested by the trustee only in U.S. government securities with a maturity of 185 days or less or in money market funds investing solely in U.S. government treasury obligations and meeting certain conditions under Rule 2a-7 under the Investment Company Act. The specific investments in our trust account may change from time to time.
Other than as described above, there has been no material change in the planned use of the proceeds from our initial public offering and the private placement as is described in our final Prospectus related to our IPO.
Item 6. [Reserved]
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.