Company: COPL-UN
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001829126-25-006317
Chunk: 5

Company: Copley Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 Offering costs paid 
     (2,578,791)
  
    Repayment of promissory note – related party 
     (105,194)
  
    Net cash provided by financing activities 
     173,909,765 

    Net increase in cash 
     160,520 
  
    Cash - beginning of the period 
     - 
  
    Cash
    - ending of the period 
    $160,520 

    Supplemental disclosure of noncash investing and financing activities: 

    Deferred offering costs included in accrued expenses 
    $10,700 
  
    Deferred offering costs paid by related party 
    $47,578 
  
    Accrued expenses paid by related party 
    $131,452 
  
    Reclassification of due to related party into promissory note - related party 
    $251,803 
  
    Reclassification of promissory note - related party into working capital loan – related party 
    $146,609 
  
    Fair value of representative shares 
    $322,575 
  
    Offering costs charged to additional paid-in capital 
    $926,703 
  
    Proceeds allocated to warrants 
    $2,328,750 
  
    Allocation of offering costs to ordinary shares subject to redemption 
    $8,146,273 
  
    Remeasurement adjustment on ordinary shares subject to possible redemption 
    $11,337,523 
  
    Subsequent measurement of ordinary shares subject to possible redemption 
    $1,115,253 
  
    Deferred underwriting commissions 
    $5,175,000 
  
    Reclassification of value for Class A ordinary shares 
    $17,250,000 

The accompanying notes are an integral part of
these unaudited condensed financial statements.

5

COPLEY ACQUISITION
CORPNOTES TO CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

(Unaudited)

NOTE 1. ORGANIZATION AND BUSINESS OPERATIONS

Copley Acquisition Corp (the “Company”) is an exempted company with limited liability incorporated under the laws of the Cayman Islands on November 26, 2024. The Company was formed for the purpose of effectuating a merger, shares exchange, asset acquisition, shares purchase, reorganization, or other similar business combination with one or more target businesses, which we refer to individually as a “target business” (the “Business Combination