Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 172

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 172
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 in connection with a shareholder vote to amend our amended and restated memorandum and articles of association (A) to modify the substance or timing of our obligation to allow redemption in connection with our initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination within the completion window or (B) with respect to any other material provisions relating to relating to the rights of holders of Class A ordinary shares or pre-business combination activity and (iii) the redemption of all of our public shares if we are unable to complete our initial business combination within the completion window, subject to applicable law.

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The net proceeds held in the trust account may be used as consideration to pay the sellers of a target business with which we ultimately complete our initial business combination. If our initial business combination is paid for using equity or debt securities, or not all of the funds released from the trust account are used for payment of the consideration in connection with our initial business combination, we may apply the balance of the cash released from the trust account for general corporate purposes, including for maintenance or expansion of operations of the post-transaction company, the payment of principal or interest due on indebtedness incurred in completing our initial business combination, to fund the purchase of other companies or for working capital. There is no limitation on our ability to raise funds privately or through loans in connection with our initial business combination.

We believe that amounts
not held in trust will be sufficient to pay the costs and expenses to which such proceeds are allocated. This belief is based on the
fact that while we may begin preliminary due diligence of a target business in connection with an indication of interest, we intend to
undertake in-depth due diligence, depending on the circumstances of the relevant prospective acquisition, only after we have negotiated
and signed a letter of intent or other preliminary agreement that addresses the terms of a business combination. However, if our estimate
of the costs of undertaking in-depth due diligence and negotiating a business combination is less than the actual amount necessary to
do so, we may be required to raise additional capital, the amount, availability and cost of which is currently unascertainable. If we
are required to seek additional capital, we could seek such additional capital through additional loans or investments from our sponsor
(or its members, including the non-managing sponsor investors), members of our management team or their affiliates, but such persons
are not under any obligation to advance funds to, or invest in, us.

Prior to