Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 375

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 375
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 Combination with a target
business that imposes any type of working capital closing condition or requires the Company to have a minimum amount of funds available
from the Trust Account upon consummation of such initial Business Combination, its net tangible asset threshold may limit the Company’s
ability to consummate such initial Business Combination (as the Company may be required to have a lesser number of shares redeemed) and
may force the Company to seek third party financing which may not be available on terms acceptable to the Company or at all. As a result,
the Company may not be able to consummate such an initial Business Combination and the Company may not be able to locate another suitable
target within the applicable time period, if at all.

If the Company is unable to
complete its initial Business Combination within a 18-month period (which can be extended two times, each by an additional three months,
for a total completion time of up to 24 months) from the closing of the Proposed Public Offering (the “Completion Window”),
the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more
than ten business days thereafter (and subject to lawfully available funds therefor), redeem the public shares, at a per-share price,
payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (less taxes payable and up to
$100,000 of interest to pay dissolution expenses) divided by the number of then outstanding public shares, which redemption will completely
extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any),
and (iii) as promptly as reasonably possible following such redemption, subject to the approval of its remaining shareholders and its
board of directors, liquidate and dissolve, subject in each case to its obligations under Cayman Islands law to provide for claims of
creditors and the requirements of other applicable law. There will be no redemption rights or liquidating distributions with respect
to its redeemable Public Warrants and Private Placement Warrants, which will expire worthless if the Company fails to complete its initial
Business Combination within the Completion Window.

<div align='center'>F-8</div>

NOTE 1: ORGANIZATION AND BUSINESS OPERATIONS(cont.)

Going Concern Consideration

At December 31, 2024,
the Company had a working capital deficit of $479,812. The Company has incurred and expects to continue to incur significant costs in
pursuit