Coming soon website template that utilizes HTML, CSS, and JS is in the works. To modify the displayed text navigate to the script.js file and make changes to the 'type('Project Nova.', typingText);' line by replacing 'Project Nova' with your desired text. Similarly, you can edit the 'type('Soon.', soonText, 100);' line to replace 'Soon' with the desired text for the coming soon message. Moreover, you have the flexibility to personalize the CSS to your liking.