Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 282

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 282
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 be identical to the placement units sold in the private placement. We
do not expect to seek loans from parties other than our sponsor or an affiliate of our sponsor as we do not believe third parties will
be willing to loan such funds and provide a waiver against any and all rights to seek access to funds in our trust account.

Our sponsor has agreed that,
if the trust account is liquidated without the consummation of a business combination, it will indemnify us to the extent any claims
by a third party for services rendered or products sold to us, or any claims by a prospective target business with which we have discussed
entering into a transaction agreement, reduce the amount of funds in the trust account to below $10.05 per public share, except for any
claims by any third party who executed a waiver of any and all rights to seek access to the trust account, regardless of whether such
waiver is enforceable, and except for claims arising from our obligation to indemnify the underwriters of this offering pursuant to the
underwriting agreement for this offering. We have not independently verified whether our sponsor has sufficient funds to satisfy its
indemnity obligations, we have not asked our sponsor to reserve for such obligations and it may not be able to satisfy those obligations.
We believe the likelihood of our sponsor having to indemnify the trust account is limited because we will endeavor to have all third
parties that provide products or services to us and prospective target businesses execute agreements with us waiving any right, title,
interest or claim of any kind in or to monies held in the trust account.

After our initial business
combination, members of our management team who remain with us may be paid consulting, management or other fees from the combined company
with any and all amounts being fully disclosed to our shareholders, to the extent then known, in the tender offer or proxy solicitation
materials, as applicable, furnished to our shareholders. It is unlikely the amount of such compensation will be known at the time of
distribution of such tender offer materials or at the time of a general meeting held to consider our initial business combination, as
applicable, as it will be up to the directors of the post-combination business to determine executive and director compensation.

We have entered into a registration
rights agreement with respect to the founder shares, placement units, placement shares, placement warrants, Working Capital Units, Working
Capital Shares, Working Capital Warrants, Extension Units, Extension Shares and Extension Warrants, which is described under