Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 59

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 59
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 business combination does not close, we may use a portion of the working capital                                  
 held outside the trust account to repay such loaned amounts but no proceeds from our trust                                       
 account would be used for such repayment.                                                                                        |

| Conditions                                     
 to completing our initial business combination |     | There is no limitation on our ability to                                                                                             
 raise funds privately or through loans in connection with our initial business combination. The NYSE rules require that our initial  
 business combination must be with one or more target businesses that together have an aggregate fair market value equal to at        
 least 80% of the balance in the trust account (less any deferred underwriting commissions and taxes payable on interest earned       
 on the trust account). We refer to this as the 80% fair market value test. The fair market value of the target or targets will       
 be determined by our board of directors based upon one or more standards generally accepted by the financial community (such         
 as actual and potential sales, earnings, cash flow and/or book value). Even though our board of directors will rely on generally     
 accepted standards, our board of directors will have discretion to select the standards employed. In addition, the application       
 of the standards generally involves a substantial degree of judgment. Accordingly, investors will be relying on the business         
 judgment of the board of directors in evaluating the fair market value of the target or targets. The proxy solicitation materials    
 or tender offer documents used by us in connection with any proposed transaction will provide public shareholders with our analysis  
 of our satisfaction of the 80% fair market value test, as well as the basis for our determinations. If our board of directors        
 is not able independently to determine the fair market value of the target business or businesses, we will obtain an opinion         
 from an independent investment banking firm or another independent entity that commonly renders valuation opinions with respect      
 to the satisfaction of such criteria.                                                                                                
 We will complete our initial business combination                                                                                    
 only if the post-transaction company in which our public shareholders own shares will own or acquire 50% or more of the outstanding  
 voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required      
 to register as an investment company under the Investment Company Act. Even if the post-transaction company owns or acquires         
 50% or more of the voting securities of the target, our shareholders prior to our initial business combination may collectively      
 own a minority interest in the post-transaction company, depending on valuations ascribed to the target and