Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 187

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 187
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 meeting certain conditions under Rule 2a-7
under the Investment Company Act, (ii) as uninvested cash, or (iii) an interest bearing bank demand deposit account or other accounts
at a bank. To mitigate the risk that we might be deemed to be an investment company for purposes of the Investment Company Act, which
risk increases the longer we hold investments in the trust account, we may, at any time (and will no later than 24 months from the closing
of this offering) instruct the trustee to liquidate the investments held in the trust account and instead to hold the funds in the trust
account in cash or in an interest bearing demand deposit account. For more information about the risk of the company being considered
to be operating as an unregistered investment company, see “Risk Factors — Risks Relating to our Search for, Consummation
of, or Inability to Consummate, a Business Combination and Post-Business Combination Risks — If we are deemed to be an investment
company under the Investment Company Act, we may be required to institute burdensome compliance requirements and our activities may be
restricted, which may make it difficult for us to complete our initial business combination.” Due to the short-term nature of these
investments, we believe there will be no associated material exposure to interest rate risk.

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Related Party Transactions

On December 3, 2024, our
sponsor paid certain offering costs aggregating $25,000 in exchange for 5,750,000 founder shares. Up to 750,000 of the founder shares
are subject to forfeiture depending on the extent to which the underwriter’s over-allotment option is exercised. The purchase price
of the founder shares was determined by dividing the amount of cash contributed to the company by the number of founder shares issued.
The number of founder shares was determined based on the expectation that the founder shares would represent 25% of the aggregate of
our issued and outstanding founder shares and public shares after this offering. Our public shareholders may incur material dilution
due to such anti-dilution adjustments that result in the issuance of Class A ordinary shares on a greater than one-to-one basis upon
conversion.

If we increase or decrease the
size of this offering, we will effect a share capitalization or share surrender or repurchase or other appropriate mechanism, as applicable
with respect to our Class B ordinary shares immediately prior to the consummation of this offering in such amount