Company: COPL-UN
Filing Date: 2025-02-03
Form Type: S-1/A
Source: 0001829126-25-000620
Chunk: 26

Company: Copley Acquisition Corp
Filing Date: 2025-02-03
Form: S-1/A
Chunk 26
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 However, as a result of the issuance of a substantial number of new shares, our shareholders immediately prior to our initial business combination could own less than a majority of our outstanding shares subsequent to our initial business combination. If less than 100% of the equity interests or assets of a target business or businesses are owned or acquired by the post-transaction company, the portion of such business or businesses that is owned or acquired is what will be taken into account for purposes of NYSE’s 80% fair market value test. If the initial business combination involves more than one target business, the 80% fair market value test will be based on the aggregate value of all of the transactions and we will treat the target businesses together as the initial business combination for purposes of a tender offer or for seeking shareholder approval, as applicable.

Additional Financing

We have not selected any specific
business combination target but may target businesses with enterprise values that are greater than what we could acquire with the net
proceeds of this offering and the sale of the placement units. As a result, if the cash portion of the purchase price exceeds the amount
available from the trust account, net of amounts needed to satisfy any redemption by public shareholders, we may be required to seek
additional financing to complete such proposed initial business combination. Such additional financing may be in the form of private
placement transactions (so-called PIPE transactions), which may be in the form of an equity, debt or convertible debt transactions. The
price of the shares so issued in connection with an initial business combination may be less, and potentially significantly less, than
$10.00 per share or the market price for our shares at such time. Any such issuances of equity securities at a price that is less than
$10.00 or the prevailing market price of our shares at that time could be structured to ensure a return on investment to the investors
and could dilute the interests of our existing shareholders in a manner that would not ordinarily occur in a traditional initial public
offering and could result in both a reduction in the trading price of our shares to the price at which we issue such equity securities
and fluctuations in the net tangible book value per share of the combined company’s securities following the completion of our
initial business combination. We may also provide price protection or other incentives, or issue convertible securities such as preferred
equity or convertible debt, and the exercise or conversion price of those securities may be fixed or adjustable, and may be less, and
potentially significantly less, than $