Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 281

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 281
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 affiliates, of consulting fees, finder’s fees, advisory fees or success fees
for any services they render in order to effectuate the completion of our initial business combination, which, if made prior to the completion
of our initial business combination, will be paid from funds held outside the trust account.

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Our
sponsor, officers and directors, or any entities with which they are affiliated, will be reimbursed for any out-of-pocket expenses incurred
in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable
business combinations. Our audit committee will review on a quarterly basis all payments that were made to our sponsor, officers, directors
or any of their controlled affiliates and will determine which expenses and the amount of expenses that will be reimbursed. There is
no cap or ceiling on the reimbursement of out-of-pocket expenses incurred by such persons in connection with activities on our behalf.

As
of the date of this prospectus, our sponsor has agreed to loan us up to $700,000 to be used for a portion of the expenses of this offering.
As of December 31, 2024, we had no borrowings under the promissory note with our sponsor. These loans are non-interest bearing,
unsecured and are due at the earlier of December 31, 2025 or the closing of this offering. The loans will be repaid upon the closing
of this offering out of offering proceeds not held in the trust account.

In order to fund working
capital deficiencies, finance transaction costs in connection with an intended initial business combination, or cover the cost of our
extension options, our sponsor or an affiliate of our sponsor or certain of our directors and officers may, but are not obligated to,
loan us funds as may be required. If we complete an initial business combination, we would repay such loaned amounts out of the proceeds
of the trust account released to us. Otherwise, such loans would be repaid only out of funds held outside the trust account. In the event
that the initial business combination does not close, we may use a portion of the working capital held outside the trust account to repay
such loaned amounts but no proceeds from our trust account would be used for such repayment. Such loans may be convertible into Working
Capital Units and Extension Units, respectively, at a price of $7.00 per unit at the option of the lender at the time of the business
combination. The Working Capital Units and Extension Units would