Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 258

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 258
---
 with a proposed business combination. It is unlikely
the amount of such compensation will be known at the time such materials are distributed, because the directors of the post-combination
business will be responsible for determining officer and director compensation. Any compensation to be paid to our officers will be determined
by a compensation committee constituted solely by independent directors or by a majority of the independent directors on our board of
directors.

<div align='center'>161</div>

We do not intend to take any
action to ensure that members of our management team maintain their positions with us after the consummation of our initial business
combination, although it is possible that some or all of our officers and directors may negotiate employment or consulting arrangements
to remain with us after the initial business combination. The existence or terms of any such employment or consulting arrangements to
retain their positions with us may influence our management’s motivation in identifying or selecting a target business but we do
not believe that the ability of our management to remain with us after the consummation of our initial business combination will be a
determining factor in our decision to proceed with any potential business combination. We are not party to any agreements with our officers
and directors that provide for benefits upon termination of employment.

Committees of the Board of Directors

Upon the effective date of
the registration statement of which this prospectus forms a part, our board of directors will have three standing committees: an audit
committee, a compensation committee and a nominating and corporate governance committee. Each committee will operate under a charter
that has been approved by our board and will have the composition and responsibilities described below. We will file copies of our audit
committee charter and compensation committee charter as exhibits to the registration statement of which this prospectus forms a part.
Subject to phase-in rules and a limited exception, NYSE rules and Rule 10A-3 of the Exchange Act require that the audit committee
of a listed company be comprised solely of independent directors, and NYSE rules require that the compensation committee of a listed
company be comprised solely of independent directors.

Audit Committee

Upon the effectiveness of
the registration statement of which this prospectus forms a part, we will establish an audit committee of the board of directors. Mr.
Djebbari, Ms. Fannin and Dr. Meng will serve as members of our audit committee. Under NYSE listing standards and applicable SEC rules,
we are required to have at least three members of the audit committee, all of whom must be independent