Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 181

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 181
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 share ownership or voting rights of a person seeking to obtain control of us; |

| ● | may adversely affect prevailing market prices for our Class 
 A ordinary shares and/or warrants; and                      |

| ● | may not result in adjustment to the exercise price of our 
 warrants.                                                 |

Similarly, if we issue debt securities
or otherwise incur indebtedness, it could result in:

| ● | default and foreclosure on our assets if our operating revenues                       
 after an initial business combination are insufficient to repay our debt obligations; |

| ● | acceleration of our obligations to repay the indebtedness                                                                           
 even if we make all principal and interest payments when due if we breach certain covenants that require the maintenance of certain 
 financial ratios or reserves without a waiver or renegotiation of that covenant;                                                    |

| ● | our immediate payment of all principal and accrued interest, 
 if any, if the debt security is payable on demand;           |

| ● | our inability to obtain necessary additional financing if                                                                     
 the debt security contains covenants restricting our ability to obtain such financing while the debt security is outstanding; |

| ● | our inability to pay dividends on our ordinary shares; |

| ● | using a substantial portion of our cash flow to pay principal                                                                       
 and interest on our debt, which will reduce the funds available for dividends on our ordinary shares if declared, expenses, capital 
 expenditures, acquisitions and other general corporate purposes;                                                                    |

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| ● | limitations on our flexibility in planning for and reacting         
 to changes in our business and in the industry in which we operate; |

| ● | increased vulnerability to adverse changes in general economic,                       
 industry and competitive conditions and adverse changes in government regulation; and |

| ● | limitations on our ability to borrow additional amounts for                                                                                   
 expenses, capital expenditures, acquisitions, debt service requirements, execution of our strategy and other purposes and other disadvantages 
 compared to our competitors who have less debt.                                                                                               |

As indicated in the accompanying
financial statements, at December 31, 2024 we had no cash, and a working capital deficit of $479,812. Further, we expect to continue
to incur significant costs in the pursuit of our initial business combination. We cannot assure you that our plans to raise capital or
to complete our initial business combination will be successful. These factors, among others, raise substantial doubt about our ability
to continue as a going concern.

Results of Operations and Known Trends or Future Events

We have neither engaged in any