Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 185

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 185
---
 equity or convertible debt issuances, our public shareholders may suffer significant dilution and
these securities could have rights that rank senior to our public shares. If we raise additional funds through the incurrence of indebtedness,
such indebtedness would have rights that are senior to our equity securities and could contain covenants that restrict our operations.
Further, as described above, due to the anti-dilution rights of our founder shares, our public shareholders may incur material dilution.
In addition, we may target businesses with enterprise values that are greater than we could acquire with the net proceeds of this offering
and the sale of the placement units, and, 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 redemptions by public shareholders, we may be required to seek additional financing
to complete such proposed initial business combination. We may also obtain financing prior to the closing of our initial business combination
to fund our working capital needs and transaction costs in connection with our search for and completion of our initial business combination.
There is no limitation on our ability to raise funds through the issuance of equity or equity-linked securities or through loans, advances
or other indebtedness in connection with our initial business combination, including pursuant to forward purchase agreements or backstop
agreements we may enter into following consummation of this offering. Subject to compliance with applicable securities laws, we would
only complete such financing simultaneously with the completion of our initial business combination. If we are unable to complete our
initial business combination because we do not have sufficient funds available to us, we will be forced to liquidate the trust account.
In addition, following our initial business combination, if cash on hand is insufficient, we may need to obtain additional financing
in order to meet our obligations.

<div align='center'>115</div>

Controls and Procedures

We are not currently required
to maintain an effective system of internal controls as defined by Section 404 of the Sarbanes-Oxley Act. We will be required to
comply with the internal control requirements of the Sarbanes-Oxley Act for the fiscal year ending December 31, 2026. Only in the
event that we are deemed to be a large accelerated filer or an accelerated filer would we be required to comply with the independent
registered public accounting firm attestation requirement. Further, for as long as we remain an emerging growth company as defined in
the JOBS Act, we intend to