Company: COPL-UN
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001829126-25-006317
Chunk: 31

Company: Copley Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic
areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is
available that is regularly evaluated by the Company’s chief operating decision maker (“CODM”), or group, in deciding
how to allocate resources and assess performance.

The Company’s CODM has been identified
as the Chief Financial Officer, who reviews the operating results for the Company as a whole to make decisions about allocating
resources and assessing financial performance. Accordingly, Management has determined that the Company only has one operating and
reportable segment.

The CODM assesses performance for the single segment
and decides how to allocate resources based on net income or loss that also is reported on the condensed statements of operations as net
income or loss. The measure of segment assets is reported on the condensed balance sheets as total assets. When evaluating the Company’s
performance and making key decisions regarding resource allocation, the CODM reviews general and administrative expenses and interest
and dividends earned on cash and investments held in Trust Account, which are included in the accompanying condensed statements of operations,
as well as the Trust Account and cash balances themselves.

The CODM reviews interest and dividends earned
on cash and investments held in Trust Account to measure and monitor shareholder value and determine the most effective strategy of investment
with the Trust Account funds while maintaining compliance with the trust agreement. General and administrative expenses are reviewed
and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a Business Combination within
the Completion Window. The CODM also reviews general and administrative expenses to manage, maintain and enforce all contractual agreements
to ensure costs are aligned with all agreements and the budget. General and administrative expenses, as reported on the condensed statements
of operations, are the significant segment expenses provided to the CODM on a regular basis. All other segment items included in net
income or loss are reported on the condensed statements of operations and described within their respective disclosures.

NOTE 10. SUBSEQUENT EVENTS

The Company evaluated subsequent events and transactions
that occurred after the balance sheet date up to the date that the condensed financial statements were issued. Based upon this review,
the Company did not identify any subsequent events that would have required adjustment or disclosure in the condensed financial statements.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Overview

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