Company: COPL-UN
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001829126-25-006317
Chunk: 15

Company: Copley Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 operations is based on the following:

    Schedule of Basic and Diluted Net Loss Per Share 

    Three Months Ended
June 30,
2025 

    Redeemable  
    Non-Redeemable 
  
    Particulars 
    Shares  
    Shares 
  
    Basic and diluted net income per share: 

    Weighted-average shares outstanding 
     11,373,626  
     6,230,259 
  
    Ownership percentage 
     65% 
     35%
  
    Numerators: 

    Allocation of net income 
    $590,228  
    $316,139 

    Denominators: 

    Weighted-average shares outstanding 
     11,373,626  
     6,230,259 
  
    Basic and diluted net income per share 
    $0.05  
    $0.05 

    Six Months Ended
June 30,
2025 

    Redeemable  
    Non-Redeemable 
  
    Particulars 
    Shares  
    Shares 
  
    Basic and diluted net income per share: 

    Weighted-average shares outstanding 
     5,718,232  
     5,991,459 
  
    Ownership percentage 
     49% 
     51%
  
    Numerators: 

    Allocation of net income 
    $409,636  
    $429,209 

    Denominators: 

    Weighted-average shares outstanding 
     5,718,232  
     5,991,459 
  
    Basic and diluted net income per share 
    $0.07  
    $0.07 

    11

Fair Value Measurements

The fair value of the Company’s assets and
liabilities, which qualify as financial instruments under ASC 820, “Fair Value Measurements and Disclosures,” approximates
the carrying amounts represented in the accompanying condensed balance sheets, primarily due to their short-term nature.

The Company applies ASC 820, which establishes a framework for measuring fair value and clarifies the definition of fair value within that framework. ASC 820 defines fair value as an exit price, which is the price that would be received for an asset or paid to transfer a liability in the Company’s principal or most advantageous market in an orderly transaction between market participants on the measurement date. The fair value hierarchy established in ASC 820 generally requires