Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 373

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 373
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 “PRC”. Further, due to the fact that most of the Company’s executive officers and directors
are located in or have significant ties to the PRC, it may make the Company a less attractive partner to certain potential target businesses,
outside the PRC, than a non-PRC related Special Purpose Acquisition Company (“SPAC”). However, the Company will not undertake
its initial Business Combination with any company being based in or having a majority of its operations in the PRC. The Company is an
early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging
growth companies.

As of December 31, 2024,
the Company had not yet commenced any operations. All activity for the period from November 26, 2024 (inception) through December 31,
2024 relates to the Company’s formation and the proposed initial public offering (the “Proposed Public Offering”),
which is described below. The Company will not generate any operating revenues until after the completion of a Business Combination,
at the earliest. The Company will generate non-operating income in the form of interest income from the proceeds derived from the Proposed
Public Offering. The Company has selected December 31 as its fiscal year end.

The Company’s founder
and sponsor is Copley Acquisition Sponsors, LLC (the “Sponsor”). The Company’s ability to commence operations is contingent
upon obtaining adequate financial resources through the Proposed Public Offering (see Note 3) and a private placement to the initial
shareholders (the “Private Placement”) (see Note 4).

The Company’s management
has broad discretion with respect to the specific application of the net proceeds of the Proposed Public Offering and the sale of the
Private Placement Units (as defined in Note 4), although substantially all of the net proceeds are intended to be applied generally toward
consummating a Business Combination. There is no assurance that the Company will be able to complete a Business Combination successfully.
The Company must complete one or more initial Business Combinations with one or more operating businesses or entities with a fair market
value equal to at least 80% of the net assets held in the Trust Account (as defined below) (less any deferred underwriting commissions
and taxes payable on income earned on the Trust Account) at the time of the signing a definitive agreement to enter a Business Combination.
The Company will only complete a Business Combination if the post-Business Combination company owns or acquires 50%