Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 380

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 380
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 Company. The Company will recognize changes in redemption value immediately as they occur and will
adjust the carrying value of redeemable shares to equal the redemption value at the end of each reporting period. Immediately upon the
closing of the Proposed Public Offering, the Company will recognize the accretion from initial book value to redemption amount value.
The change in the carrying value of redeemable shares will result in charges against additional paid-in capital (to the extent available)
and accumulated deficit. Accordingly, upon completion of the Initial Public Offering, Class A ordinary shares subject to possible redemption
will be presented at redemption value as temporary equity, outside of the shareholder’s deficit section of the Company’s balance
sheet.

Derivative Financial Instruments

The Company evaluates its
financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives in accordance
with ASC Topic 815, “Derivatives and Hedging.” For derivative financial instruments that are accounted for as liabilities,
the derivative instrument is initially recorded at its fair value on the grant date and is then re-valued at each reporting date, with
changes in the fair value reported in the statement of operations. The classification of derivative instruments, including whether such
instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative liabilities
are classified in the balance sheet as current or non-current based on whether or not net cash settlement or conversion of the instrument
could be required within 12 months of the balance sheet date. The underwriters’ over-allotment option is deemed to be a freestanding
financial instrument indexed on the contingently redeemable shares and will be accounted for as a liability pursuant to ASC 480 if not
fully exercised at the time of the Proposed Public Offering.

Recent Accounting Standards

Management does not believe
that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s
financial statements.

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NOTE 3: PROPOSED PUBLIC OFFERING

Pursuant to the Proposed Public
Offering, the Company intends to offer for sale up to 15,000,000 Units (or 17,250,000 Units if the underwriters’ overallotment
option is exercised in full) at a purchase price of $10.00 per Unit. Each Unit will consist of one Class A ordinary share and one-half
of one redeemable warrant (“Public Warrant”). Each whole warrant