Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 356

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 356
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 the purpose of fixing or maintaining the price of the units. A syndicate covering
transaction is the bid for or the purchase of units on behalf of the underwriters to reduce a short position incurred by the underwriters
in connection with the offering. Similar to other purchase transactions, the underwriters’ purchases to cover the syndicate short
sales may have the effect of raising or maintaining the market price of our units or preventing or retarding a decline in the market
price of our units. As a result, the price of our units may be higher than the price that might otherwise exist in the open market. A
penalty bid is an arrangement permitting the underwriters to reclaim the selling concession otherwise accruing to a syndicate member
in connection with the offering if the units originally sold by such syndicate member are purchased in a syndicate covering transaction
and therefore have not been effectively placed by such syndicate member.

Neither we nor the underwriter
make any representation or prediction as to the direction or magnitude of any effect that the transactions described above may have on
the price of our units. The underwriter is not obligated to engage in these activities and, if commenced, may end any of these activities
at any time. These transactions may be effected on the NYSE, in the over-the-counter market or otherwise.

Market Making

The underwriter has advised us
that, following the completion of this offering, it currently intends to make a market in the units as permitted by applicable laws and
regulations. However, the underwriter is not obligated to do so, and the underwriter may discontinue any market-making activities at
any time without notice in its sole discretion. Accordingly, no assurance can be given as to the liquidity of the trading market for
the units, that you will be able to sell any of the units held by you at a particular time or that the prices that you receive when you
sell will be favorable.

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Other Terms

The underwriting agreement provides
that following the completion of this offering, the obligations of the underwriter with respect to this offering will be deemed to be
satisfied and the underwriter is not bound by any commitment or obligation to offer or sell to the public any of our securities or of
any target business in an initial business combination or otherwise solicit holders of our securities or any target business in an initial
business combination to approve the business combination.

We are not under any contractual
obligation to engage the underwriter to