Company: COPL-UN
Filing Date: 2025-02-03
Form Type: S-1/A
Source: 0001829126-25-000620
Chunk: 238

Company: Copley Acquisition Corp
Filing Date: 2025-02-03
Form: S-1/A
Chunk 238
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 of our audit committee charter and compensation committee charter as exhibits to the registration statement of which this prospectus forms a part. Subject to phase-in rules and a limited exception, NYSE rules and Rule 10A-3 of the Exchange Act require that the audit committee of a listed company be comprised solely of independent directors, and NYSE rules require that the compensation committee of a listed company be comprised solely of independent directors.

Audit Committee

Upon the effectiveness of
the registration statement of which this prospectus forms a part, we will establish an audit committee of the board of directors. [ ]
will serve as members of our audit committee. Under NYSE listing standards and applicable SEC rules, we are required to have at least
three members of the audit committee, all of whom must be independent. Because we expect to list our securities on NYSE in connection
with our initial public offering, our audit committee must have one independent member at the time of listing, a majority of independent
members within 90 days of the effective date of our registration statement, and consist of all independent members within one year of
the effective date of our registration statement. [ ] each meet the independent director standard under NYSE’s listing
standards and under Rule 10A-3(b)(1) of the Exchange Act, and [ ] will serve as chairman of the audit committee.

Each member of the audit committee is financially literate and our board of directors has determined that [ ] qualifies as an “audit committee financial expert” as defined in applicable SEC rules.

We will adopt an audit committee charter, which will detail the principal functions of the audit committee, including:

| ● | assisting board oversight of (i) the integrity of our financial statements, (ii) our compliance with legal and regulatory requirements, (iii) our independent registered public accounting firm’s qualifications and independence, and (iv) the performance of our internal audit function and independent registered public accounting firm; |

| ● | the appointment, compensation, retention, replacement, and oversight of the work of the independent auditors and any other independent registered public accounting firm engaged by us; |

| ● | pre-approving all audit and non-audit services to be provided by the independent auditors or any other registered public accounting firm engaged by us, and establishing pre-approval policies and procedures; |

| ● | reviewing and discussing with the independent auditors all relationships the auditors have with us in order to evaluate their continued independence; |

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| ● | setting