Company: COPL-UN
Filing Date: 2025-04-23
Form Type: S-1/A
Source: 0001829126-25-002866
Chunk: 177

Company: Copley Acquisition Corp
Filing Date: 2025-04-23
Form: S-1/A
Chunk 177
---
 redemption price) multiplied                                                  
 by 15,000,000 ordinary shares, which is the maximum number of ordinary shares that may be redeemed.                                                                                |
| (3) | Actual share amount is prior to any forfeiture of founder shares by our sponsor and “as adjusted” share amount assumes no exercise of the underwriter’s over-allotment option.     |

<div align='center'>112

MANAGEMENT’S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS</div>

Overview

We are a blank check company incorporated as a Cayman Islands exempted company with limited liability and incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. We intend to effectuate our initial business combination using cash from the proceeds of this offering and the private placement of the placement units, our shares, debt or a combination of cash, shares and debt.

The issuance of additional ordinary shares in a business combination:

| ● | may significantly dilute the equity interest of investors in this offering, which dilution would increase if the anti-dilution provisions in the Class B ordinary shares resulted in the issuance of Class A ordinary shares on a greater than one-to-one basis upon conversion of the Class B ordinary shares; |

| ● | may subordinate the rights of holders of ordinary shares if preference shares are issued with rights senior to those afforded to our ordinary shares; |

| ● | could cause a change of control if a substantial number of our ordinary shares are issued, which may affect, among other things, our ability to use our net operating loss carry forwards, if any, and could result in the resignation or removal of our present officers and directors; |

| ● | may have the effect of delaying or preventing a change of control of us by diluting the share ownership or voting rights of a person seeking to obtain control of us; |

| ● | may adversely affect prevailing market prices for our Class A ordinary shares and/or warrants; and |

| ● | may not result in adjustment to the exercise price of our warrants. |

Similarly, if we issue debt securities or otherwise incur indebtedness, it could result in:

| ● | default and foreclosure on our assets if our operating revenues after an initial business combination are insufficient to repay our debt obligations; |

| ●