Company: COPL-UN
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001829126-25-009051
Chunk: 15

Company: Copley Acquisition Corp
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 of operations is based on the following:

    Schedule of Basic and Diluted Net Loss Per Share 

    For the
Three
    Months Ended September 30, 2025 

    Redeemable  
    Non-Redeemable 

    Shares  
    Shares 
  
    Particulars 

    Basic and diluted net income per share: 

    Weighted average shares outstanding 
     17,250,000  
     6,478,393 
  
    Ownership percentage 
     73% 
     27%
  
    Numerators: 

    Allocation of net income 
    $1,258,837  
    $472,767 

    Denominators: 

    Weighted
    average shares outstanding 
     17,250,000  
     6,478,393 
  
    Basic and diluted net income per share 
    $0.07  
    $0.07 

    For the
Nine Months Ended
September 30,
2025 

    Redeemable  
    Non-Redeemable 

    Shares  
    Shares 
  
    Particulars 

    Basic and diluted net income per share: 

    Weighted average shares outstanding 
     9,604,396  
     6,155,552 
  
    Ownership percentage 
     61% 
     39%
  
    Numerators: 

    Allocation of net income 
    $1,566,478  
    $1,003,971 

    Denominators: 

    Weighted average
    shares outstanding 
     9,604,396  
     6,155,552 
  
    Basic and diluted net income per share 
    $0.16  
    $0.16 

    11

Fair Value Measurements

The fair value of the Company’s assets and
liabilities, which qualify as financial instruments under ASC 820, “Fair Value Measurements and Disclosures,” approximates
the carrying amounts represented in the accompanying condensed balance sheets, primarily due to their short-term nature.

The Company applies ASC 820, which establishes a framework for measuring fair value and clarifies the definition of fair value within that framework. ASC 820 defines fair value as an exit price, which is the price that would be received for an asset or paid to transfer a liability in the Company’s principal or most advantageous market in an