Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 346

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 346
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 A ordinary shares generally will not be subject to U.S. federal
income tax, unless the dividends are effectively connected with the Non-U.S. holder’s conduct of a trade or business within the
United States (and, if required by an applicable income tax treaty, are attributable to a permanent establishment or fixed base that
such holder maintains in the United States). If the dividend, despite being paid by a non-U.S. corporation, is deemed to be U.S. source
under the Code and the Treasury regulations promulgated thereunder, then withholding at a 30% rate generally applies, unless such tax
rate is lowered by an applicable income tax treaty. In addition, a Non-U.S. holder generally will not be subject to U.S. federal income
tax on any gain attributable to a sale or other disposition of our Class A ordinary shares or warrants unless such gain is effectively
connected with its conduct of a trade or business in the United States (and, if required by an applicable income tax treaty, is attributable
to a permanent establishment or fixed base that such holder maintains in the United States).

Dividends (including constructive
dividends) and gains that are effectively connected with the Non-U.S. holder’s conduct of a trade or business in the United States
(and, if required by an applicable income tax treaty, are attributable to a permanent establishment or fixed base in the United States)
generally will be subject to U.S. federal income tax at the same regular U.S. federal income tax rates applicable to a comparable U.S.
holder and, in the case of a Non-U.S. holder that is a corporation for U.S. federal income tax purposes, also may be subject to an additional
branch profits tax at a 30% rate or a lower applicable income tax treaty rate.

The U.S. federal income tax treatment
of a Non-U.S. holder’s exercise of a warrant, or the lapse of a warrant held by a Non-U.S. holder, generally will correspond to
the U.S. federal income tax treatment of the exercise or lapse of a warrant by a U.S. holder, as described under “—U.S. Holders
— Exercise, Lapse or Redemption of a Warrant,” above, although to the extent a cashless exercise results in a taxable exchange,
the consequences would be similar to those described in the preceding paragraphs above for a Non-U.S. holders gain on the sale or other
disposition of our Class A ordinary shares and warrants.

Information Reporting