Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 177

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 177
---
 combination, either because the transaction requires more cash than is available from the proceeds held
in our trust account or because we become obligated to redeem a significant number of our public shares upon completion of the business
combination, we may issue additional securities or incur debt in connection with such business combination. If we raise additional funds
through equity or convertible debt issuances, our public shareholders may suffer significant dilution and these securities could have
rights that rank senior to our public shares.

The below calculations do not reflect any dilution
associated with the exercise of warrants as the warrants are accounted for as equity and are only exercisable following the consummation
of our initial business combination. The assumed exercise of the warrants would cause the actual dilution to the public shareholders
to be higher, particularly where a cashless exercise is utilized.

The following table illustrates
the difference between the public offering price per unit and our NTBV per share, as adjusted to give effect to this offering and assuming
redemption of our public shares at varying levels and the full exercise and no exercise of the over-allotment option:

| As of December 31, 
 2024               |                                                 |     |                         |      |     |                |      |     |                         |      |     |                |      |     |                          |      |     |                |      |     |                          |       |   |     |                |       |
|:-------------------|------------------------------------------------:|:----|:------------------------|-----:|:----|:---------------|-----:|:----|:------------------------|-----:|:----|:---------------|-----:|:----|:-------------------------|-----:|:----|:---------------|-----:|:----|:-------------------------|:------|:--|:----|:---------------|------:|
| Offering Price     
 of $10.00          |                                                 |     | 25% of Maximum          
 Redemption (assumes     
 3,750,000 or 4,312,500  
 public shares redeemed) |      |     |                |      |     | 50% of Maximum          
 Redemption (assumes     
 7,500,000 or 8,625,000  
 public shares redeemed) |      |     |                |      |     | 75% of Maximum           
 Redemption (assumes      
 11,250,000 or 12,937,500 
 public shares redeemed)  |      |     |                |      |     | Maximum Redemption