Company: COPL-UN
Filing Date: 2025-04-23
Form Type: S-1/A
Source: 0001829126-25-002866
Chunk: 185

Company: Copley Acquisition Corp
Filing Date: 2025-04-23
Form: S-1/A
Chunk 185
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 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.

Our sponsor has agreed to
loan us up to $525,000 under an unsecured promissory note to be used for a portion of the expenses of this offering. As of December 31,
2024 we had not borrowed any amount under the promissory note with our sponsor. This loan is non-interest bearing, unsecured and is due
at the earlier of December 31, 2025 or the closing of this offering. This loan will be repaid upon the closing of this offering
out of the offering proceeds not held in the trust account.

In addition, in order to fund working capital deficiencies, finance transaction costs in connection with an intended initial business combination, and cover the costs of the extension options available to us under our amended and restated memorandum and articles of association, 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 our 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 our 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 be identical to the placement units sold in the private placement described below. We do not expect to seek loans from parties other than our sponsor or an affiliate of our sponsor as we do not believe third parties will be willing to loan such funds and provide a waiver against any and all rights to seek access to funds in our trust account.

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Our sponsor has committed
to purchase an aggregate of 499,643 placement units (or 555,893 if the over-allotment option is exercised in full) for an aggregate purchase
price of $3,