Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 217

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 217
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 providing capital
for the potential growth and expansion of its operations or strengthening its balance sheet by reducing its debt ratio. Because we are
able to complete our initial business combination using our cash, debt or equity securities, or a combination of the foregoing, we have
the flexibility to use the most efficient combination that will allow us to tailor the consideration to be paid to the target business
to fit its needs and desires. However, we have not taken any steps to secure third party financing and there can be no assurance it will
be available to us.

Selection of a target business and structuring of our initial business combination

The NYSE rules require that our
initial business combination must be with one or more target businesses that together have an aggregate fair market value equal to at
least 80% of the balance in the trust account (less any deferred underwriting commissions and taxes payable on interest earned) at the
time of our signing a definitive agreement in connection with our initial business combination. We refer to this as the 80% fair market
value test. The fair market value of the target or targets will be determined by our board of directors based upon one or more standards
generally accepted by the financial community, such as discounted cash flow valuation or value of comparable businesses. If our board
of directors is not able independently to determine the fair market value of the target business or businesses, we will obtain an opinion
from an independent investment banking firm, or another independent entity that commonly renders valuation opinions, with respect to
the satisfaction of such criteria. We do not currently intend to purchase multiple businesses in unrelated industries in conjunction
with our initial business combination, although there is no assurance that will be the case. Subject to this requirement, our management
will have virtually unrestricted flexibility in identifying and selecting one or more prospective target businesses, although we will
not be permitted to effectuate our initial business combination solely with another blank check company or a similar company with nominal
operations.

In any case, we will only complete
an initial business combination in which we own or acquire 50% or more of the outstanding voting securities of the target or otherwise
acquire a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment
Company Act. If we own or acquire less than 100% of the equity interests or assets of a target business or businesses, the portion of
such business or businesses that are owned or acquired by the post-transaction company is what will be valued for purposes of