Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 243

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 243
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etermining to which entity a particular business opportunity should be presented.”

We do not believe, however, that
the fiduciary duties or contractual obligations of our directors or officers will materially affect our ability to complete our initial
business combination.

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Indemnity

Our sponsor has agreed that it
will be liable to us if and to the extent any claims by a third-party (other than our independent auditors) for services rendered or
products sold to us, or a prospective target business with which we have discussed entering into a transaction agreement, reduce the
amount of funds in the trust account to below (i) $10.05 per public share or (ii) such lesser amount per public share held in the trust
account as of the date of the liquidation of the trust account due to reductions in the value of the trust assets, in each case net of
the interest which may be withdrawn to pay taxes, except as to any claims by a third party who executed a waiver of any and all rights
to seek access to the trust account and except as to any claims under our indemnity of the underwriter of this offering against certain
liabilities, including liabilities under the Securities Act. Moreover, in the event that an executed waiver is deemed to be unenforceable
against a third party, our sponsor will not be responsible to the extent of any liability for such third party claims. We have not independently
verified whether our sponsor has sufficient funds to satisfy their indemnity obligations and believe that our sponsor’s only assets
are securities of our company. We have not asked our sponsor to reserve for such obligations.

Facilities

We currently maintain our executive
offices at Suite 4005-4006, 40/F, One Exchange Square 8 Connaught Place, Central, Hong Kong. We consider our current office space adequate
for our current operations.

Employees

As of the effective date of this
prospectus, we will have six officers. Members of our management team are not obligated to devote any specific number of hours to our
matters but they intend to devote as much of their time as they deem necessary to our affairs until we have completed our initial business
combination. The amount of time that our officers or any other members of our management team will devote in any time period will vary
based on whether a target business has been selected for our initial business combination and the current stage of the business combination
process.

Periodic Reporting and Financial Information