Company: COPL-UN
Filing Date: 2025-04-23
Form Type: S-1/A
Source: 0001829126-25-002866
Chunk: 179

Company: Copley Acquisition Corp
Filing Date: 2025-04-23
Form: S-1/A
Chunk 179
---
 for due diligence expenses. We expect our expenses to increase substantially after the closing of this offering.

Liquidity and Capital Resources

Our liquidity needs have been
satisfied prior to completion of this offering through receipt of $25,000 through a capital contribution from our sponsor and up to $525,000
in loans from our sponsor under an unsecured promissory note. As of December 31, 2024, we had not borrowed any amount under the
promissory note with our sponsor. We estimate that the net proceeds from: (i) the sale of the units in this offering, after deducting
offering expenses of approximately $600,000 and the non-deferred underwriter’s discount of $2,250,000, and (ii) the sale of 499,643
placement units to our sponsor for an aggregate purchase price of $3,700,001, will be $151,225,001 (or $173,837,501 if the underwriter’s
over-allotment option is exercised in full), of which $150,750,000 (or $173,362,500 if the underwriter’s over-allotment option
is exercised in full) will be held in the trust account. If our offering expenses exceed our estimate of $600,000, we may fund such excess
with the net proceeds from this offering and the private placement held out of trust. If our offering expenses are less than our estimate
of $600,000, the balance will be used for post-closing working capital.

We intend to use substantially all of the funds held in the trust account, including any amounts representing interest earned on the trust account (which interest shall be net of taxes payable and excluding deferred underwriting commissions) to complete our initial business combination. We may withdraw interest to pay taxes, if any. Our annual income tax obligations will depend on the amount of interest and other income earned on the amounts held in the trust account. To the extent that our ordinary shares or debt is used, in whole or in part, as consideration to complete our initial business combination, the remaining proceeds held in the trust account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.

Prior to the completion of
our initial business combination, we will have available to us $475,001 of proceeds held outside the trust account. We will use these
funds primarily to identify and evaluate target businesses, perform business due diligence