Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 215

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 215
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 (after accounting for any adjustments in connection with an exchange or
other transaction contemplated by the business combination). Further, each of our officers and directors may have a conflict of interest
with respect to evaluating a particular business combination if the retention or resignation of any such officers and directors was included
by a target business as a condition to any agreement with respect to our initial business combination.

As more fully discussed in “Management
— Conflicts of Interest,” if any of our directors or officers becomes aware of a business combination opportunity that falls
within the line of business of any entity to which he or she has pre-existing fiduciary or contractual obligations, he or she may be
required to present such business combination opportunity to such entity prior to presenting such business combination opportunity to
us. Our directors and officers currently have fiduciary duties or contractual obligations that may take priority over their duties to
us.

Status as a Public Company

We believe our structure will
make us an attractive business combination partner to target businesses. As an existing public company, we offer a target business an
alternative to the traditional initial public offering through a merger or other business combination. In this situation, the owners
of the target business would exchange their shares of stock, shares or other equity interests in the target business for our shares or
for a combination of our shares and cash, allowing us to tailor the consideration to the specific needs of the sellers. Although there
are various costs and obligations associated with being a public company, we believe target businesses will find this method a more certain
and cost effective method to becoming a public company than the typical initial public offering. In a typical initial public offering,
there are additional expenses incurred in marketing, road show and public reporting efforts that may not be present to the same extent
in connection with a business combination with us.

Furthermore, once a proposed
business combination is completed, the target business will have effectively become public, whereas an initial public offering is always
subject to the underwriters’ ability to complete the offering, as well as general market conditions, which could delay or prevent
the offering from occurring. Once public, we believe the target business would then have greater access to capital and an additional
means of providing management incentives consistent with shareholders’ interests. It can offer further benefits by augmenting a
company’s profile among potential new customers and vendors and aid in attracting talented employees.

While we believe that our structure
and our management team’s backgrounds will make us an attractive business partner, some potential target businesses may have a