Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 160

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 160
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ptions related to extension votes
or in connection with the initial business combination, that are treated as repurchases for this purpose (other than, pursuant to recently
issued guidance from the U.S. Department of the Treasury, redemptions in complete liquidation of the company). In all cases, the
extent of the excise tax that may be incurred will depend on a number of factors, including the fair market value of our stock redeemed,
the extent such redemptions could be treated as dividends and not repurchases, and the content of any regulations and other additional
guidance from the U.S. Department of the Treasury that may be issued and applicable to the redemptions. Issuances of stock by a
repurchasing corporation in a year in which such corporation repurchases stock may reduce the amount of excise tax imposed with respect
to such repurchase. The excise tax is imposed on the repurchasing corporation itself, not the shareholders from which stock is repurchased.
The imposition of the excise tax as a result of redemptions in connection with the initial business combination could, however, reduce
the amount of cash available to pay redemptions or reduce the cash contribution to the target business in connection with our initial
business combination, which could cause the other shareholders of the combined company to economically bear the impact of such excise
tax.

We may reincorporate in another jurisdiction in connection with our initial business combination and such reincorporation may result in taxes imposed on shareholders.

We may, in connection with our initial business combination and subject to requisite shareholder approval under the Companies Act, reincorporate in the jurisdiction in which the target company or business is located. The transaction may require a shareholder to recognize taxable income in the jurisdiction in which the shareholder is a tax resident or in which its members are resident if it is a tax transparent entity. We do not intend to make any cash distributions to shareholders to pay such taxes. Shareholders may be subject to withholding taxes or other taxes with respect to their ownership of us after the reincorporation.

An investment in this offering may result in uncertain or adverse U.S. federal income tax consequences.

An investment in this offering may result in uncertain U.S. federal income tax consequences. For instance, because there are no authorities that directly address instruments similar to the units we are issuing in this offering, the allocation an investor makes with respect to the purchase price of a unit between the ordinary share and the one-half of a redeemable warrant included in each unit could be challenged