Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 205

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 205
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 combination.                   |                                                                                                      |                                                                                      Services 
 in connection with identifying, investigating and completing an initial business combination. |

| (1) | Of the total number of founder shares held by the                                                                                        
 sponsor, the non-managing sponsor investors will own, indirectly through the purchase of non-managing membership interests of the        
 sponsor, an aggregate of 1,133,333 founder shares held by the sponsor (whether or not the underwriters’ overallotment option             
 is exercised in full), which were purchased for approximately $0.004 per share. In addition, several of our officers and directors       
 own an indirect interest the founder shares through membership interests in our sponsor. The non-managing sponsor investors will         
 have no right to vote the founder shares that they hold indirectly through their membership interests in the sponsor.                    |
| (2) | Of the 517,143 placement units (or 573,393 placement                                                                                     
 units if the over-allotment is exercised in full), the non-managing sponsor investors have expressed an interest to purchase, indirectly 
 through the purchase of non-managing membership interests, 85,000 of the placement units (whether or not the over-allotment option       
 is exercised in full) at a price of $10.00 per unit ($850,000 in the aggregate) in a private placement that will close simultaneously    
 with the closing of this offering. The non-managing sponsor investors will have no right to vote the placement units or securities       
 comprising the placement units that they hold indirectly through their membership interests in the sponsor.                              |

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Because our sponsor acquired
the founder shares at a nominal price, our public shareholders will incur immediate and substantial dilution upon the closing of this
offering, assuming no value is ascribed to the warrants included in the units. If we increase or decrease the size of this offering,
we will effect a share capitalization or a share repurchase or surrender or other appropriate mechanism immediately prior to the consummation
of this offering in such amount as to maintain the number of founder shares at 25% of our issued and outstanding founder shares and public
shares upon the consummation of this offering. Any additional founder shares issued to our sponsor through such a share capitalization
would be issued at their nominal par value and may result in further dilution to the implied value of the shares held by our public shareholders.
Further, the Class A ordinary shares issuable in connection with the conversion of the founder shares may