Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 199

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 199
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 fact be able to distribute such amounts as a result of claims of creditors
which may take priority over the claims of our public shareholders.

If we do not complete our initial
business combination within the completion window, while we do not currently intend to seek shareholder approval to amend our amended
and restated memorandum and articles of association to extend the amount of time we will have to consummate an initial business combination,
we may elect to do so in the future. There is no limit on the number of extensions that we may seek; however, we do not expect to extend
the time period to consummate our initial business combination beyond 36 months from the closing of this offering. If we determine not
to or are unable to extend the time period to consummate our initial business combination or fail to obtain shareholder approval to extend
the completion window, our sponsor’s investment in our founder shares and our placement units will be worthless.

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NYSE rules require that we must
complete one or more business combinations having an aggregate fair market value of at least 80% of the value of the assets held in the
trust account (excluding the deferred underwriting commissions and taxes payable on the income earned on the trust account) at the time
of our signing a definitive agreement in connection with our initial business combination. Our board of directors will make the determination
as to the fair market value of our initial business combination. If our board of directors is not able to independently determine the
fair market value of our initial business combination, we will obtain an opinion from an independent entity that commonly renders valuation
opinions. While we consider it unlikely that our board of directors will not be able to make an independent determination of the fair
market value of our initial business combination, it may be unable to do so if it is less familiar or experienced with the business of
a particular target or if there is a significant amount of uncertainty as to the value of a target’s assets or prospects.

We anticipate structuring our
initial business combination either (i) in such a manner so that the post-transaction company in which our public shareholders own shares
will own or acquire 100% of the equity interests or assets of the target business or businesses, or (ii) in such a manner so that the
post-transaction company owns or acquires less than 100% of such interests or assets of the target business in order to meet certain
objectives of the target management team or shareholders, or for other reasons. However,