Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 184

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 184
---
 primary liquidity
requirements during that period to include approximately $250,000 for legal, accounting, due diligence, travel, consulting and other
expenses associated with identifying, structuring, negotiating and documenting successful business combinations; $100,000 for legal and
accounting fees related to regulatory reporting requirements; $85,000 for NYSE and other regulatory fees; $200,000 for payments of directors
and officers insurance; and $15,000 for miscellaneous expenses.

These amounts are estimates and
may differ materially from our actual expenses. In addition, we could use a portion of the funds not being placed in trust to pay commitment
fees for financing, fees to consultants to assist us with our search for a target business or as a down payment or to fund a “no-shop”
provision (a provision designed to keep target businesses from “shopping” around for transactions with other companies on
terms more favorable to such target businesses) with respect to a particular proposed business combination, although we do not have any
current intention to do so. If we entered into an agreement where we paid for the right to receive exclusivity from a target business,
the amount that would be used as a down payment or to fund a “no-shop” provision would be determined based on the terms of
the specific business combination and the amount of our available funds at the time. Our forfeiture of such funds (whether as a result
of our breach or otherwise) could result in our not having sufficient funds to continue searching for, or conducting due diligence with
respect to, prospective target businesses.

If our estimates of the costs
of identifying a target business, undertaking in-depth due diligence and negotiating an initial business combination are less than the
actual amount necessary to do so, we may have insufficient funds available to operate our business prior to our initial business combination
and we may need to obtain additional financing either to complete our initial business combination or because we become obligated to
redeem a significant number of our public shares upon completion of our initial business combination, in which case we may issue additional
securities or incur debt in connection with such business combination.

Moreover, we may need to obtain
additional financing to complete our initial business combination, either because the transaction requires more cash than is available
from the proceeds held in our trust account or because we become obligated to redeem a significant number of our public shares upon completion
of the business combination, in which case we may issue additional securities or incur debt in connection with such business combination.
If we raise additional funds through