Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 216

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 216
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negative view of us since we are a blank check company, without an operating history, and there is uncertainty relating to our ability
to obtain shareholder approval of our proposed initial business combination and retain sufficient funds in our trust account in connection
therewith.

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We are an “emerging growth
company,” as defined in the JOBS Act. We will remain an emerging growth company until the earlier of (1) the last day of the fiscal
year (a) following the fifth anniversary of the completion of this offering, (b) in which we have total annual gross revenue of at least
$1.235 billion, or (c) in which we are deemed to be a large accelerated filer, which means the market value of our ordinary shares that
is held by non-affiliates equals or exceeds $700 million as of the end of that year’s second fiscal quarter, and (2) the date on
which we have issued more than $1.0 billion in non-convertible debt securities during the prior three-year period.

Additionally, we are a “smaller
reporting company” as defined in Rule 10(f)(1) of Regulation S-K. Smaller reporting companies may take advantage of certain
reduced disclosure obligations, including, among other things, providing only two years of audited financial statements. We will remain
a smaller reporting company until the last day of the fiscal year in which (1) the market value of our ordinary shares held by non-affiliates
equals or exceeds $250 million as of the end of that year’s second fiscal quarter, or (2) our annual revenues equals or exceeds
$100 million during such completed fiscal year and the market value of our ordinary shares held by non-affiliates equals or exceeds $700
million as of the end of that year’s second fiscal quarter.

Financial Position

With funds available for a business
combination initially in the amount of $150,750,000 assuming no redemptions and after payment of $4,500,000 of deferred underwriting
fees (or $173,362,500 assuming no redemptions and after payment of up to $5,175,000 of deferred underwriting fees depending on the extent
to which the underwriter’s over-allotment option is exercised), in each case before fees and expenses associated with our initial
business combination, we offer a target business a variety of options such as creating a liquidity event for its owners,