Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 58

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 58
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 and $650,000 for working capital following this offering. The funds in the       
 trust account will be invested or held only in either (i) U.S. government treasury bills          
 with a maturity of 185 days or less or in money market funds investing solely in U.S. Treasuries, 
 (ii) uninvested cash, or (iii) an interest-bearing bank demand deposit account or other accounts  
 at a bank. To mitigate the risk that we might be deemed to be an investment company for purposes  
 of the Investment Company Act, which risk increases the longer we hold investments in the         
 trust account, we may, at any time (and will no later than 24 months from the closing of          
 this offering) instruct the trustee to liquidate the investments held in the trust account        
 and instead to hold the funds in the trust account in cash or in an interest bearing demand       
 deposit account. For more information about the risk of the company being considered to be        
 operating as an unregistered investment company, see “Risk Factors — Risks Relating               
 to our Search for, Consummation of, or Inability to Consummate, a Business Combination and        
 Post-Business Combination Risks —If we are deemed to be an investment company under               
 the Investment Company Act, we may be required to institute burdensome compliance requirements    
 and our activities may be restricted, which may make it difficult for us to complete our          
 initial business combination.” The proceeds to be placed in the trust account include             
 $4,500,000 (or up to $5,175,000 if the underwriters’ over-allotment option is exercised           
 in full) in deferred underwriting commissions.                                                    |

| Pursuant to our amended and restated memorandum and articles of association, in order                                                 
 to avail ourselves to each individual three-month extension, we must deposit, or cause to be deposited, into the trust account        
 funds equal to the product of (x) $0.10 and (y) the number of public shares then issued and outstanding.                              
 Except with respect to interest earned on the funds held in the trust account that                                                    
 may be released to us to pay our taxes, if any, and up to $100,000 of interest to pay dissolution expenses, the proceeds from         
 this offering and the private placement will not be released from the trust account until the earliest of (i) the completion          
 of our initial business combination, (ii) the redemption of any public shares properly tendered in connection with a