Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 374

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 374
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 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 of 1940, as amended (the “Investment Company Act”). There is no
assurance that the Company will be able to successfully effect a Business Combination.

<div align='center'>F-7</div>

NOTE 1: ORGANIZATION AND BUSINESS OPERATIONS(cont.)

Upon the closing of the Proposed
Public Offering, management has agreed that $10.05 per unit sold in the Proposed Public Offering (“Unit”), including the
proceeds from the sale of the Private Placement Units, will be held in a trust account (the “Trust Account”) and invested
only in U.S. government treasury obligations, with a maturity of 185 days or less, or in money market funds meeting certain conditions
under Rule 2a-7 under the Investment Company Act which invest only in direct U.S. government treasury obligations, until the earliest
of (i) the completion of an initial Business Combination, (ii) the redemption of public shares if the Company is unable to complete an
initial Business Combination within the completion window, subject to applicable law, and (iii) the redemption of public shares properly
submitted in connection with a shareholder vote to amend the Company’s amended and restated memorandum and articles of association
to modify the substance or timing of obligation to redeem 100% of public shares if the Company has not consummated an initial Business
Combination within the completion window or with respect to any other material provisions relating to shareholders’ rights or pre-initial
Business Combination activity. The proceeds deposited in the Trust Account could become subject to the claims of creditors, if any, which
could have priority over the claims of public shareholders.

The Company will provide its
Class A ordinary shareholders with the opportunity to redeem all or a portion of their public shares upon the completion of the Business
Combination either (i) in connection with a shareholder meeting called to approve the Business Combination (regardless of whether they
vote for or against the proposed business combination or do not vote at all) or (ii) by means of a tender offer.

The Company has determined
not to have a minimum net tangible asset requirement to consummate any Business Combination which could be subject to Rule 419 promulgated
under the Securities Act (defined in Note 2). Moreover, if the Company seeks to consummate an initial Business