Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 235

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 235
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man Islands law may choose not to do so
in any particular instance. Accordingly, we cannot assure you that due to claims of creditors the actual value of the per-share redemption
price will not be substantially less than $10.05 per share.

We will seek to reduce the possibility
that our sponsor will have to indemnify the trust account due to claims of creditors by endeavoring to have all third parties (other
than our independent registered public accounting firm), prospective target businesses or other entities with which we do business execute
agreements with us waiving any right, title, interest or claim of any kind in or to monies held in the trust account. Our sponsor will
also not be liable as to any claims under our indemnity of the underwriters of this offering against certain liabilities, including liabilities
under the Securities Act. We will have access to up to $650,000 from the proceeds of this offering and the sale of the placement units,
and a maximum of $700,000 in loans from our sponsor or one of its affiliates, with which to pay any such potential claims (including
costs and expenses incurred in connection with our liquidation, currently estimated to be no more than approximately $100,000). In the
event that we liquidate and it is subsequently determined that the reserve for claims and liabilities is insufficient, shareholders who
received funds from our trust account could be liable for claims made by creditors, however such liability will not be greater than the
amount of funds from our trust account received by any such shareholder. In the event that our offering expenses exceed our estimate
of $600,000, we may fund such excess with funds from the funds not to be held in the trust account. In such case, the amount of funds
we intend to be held outside the trust account would decrease by a corresponding amount. Conversely, in the event that the offering expenses
are less than our estimate of $600,000, the amount of funds we intend to be held outside the trust account would increase by a corresponding
amount.

If we file a bankruptcy or winding-up
petition or an involuntary bankruptcy winding-up petition is filed against us that is not dismissed, the proceeds held in the trust account
could be subject to applicable bankruptcy or insolvency law, and may be included in our bankruptcy or insolvency estate and subject to
the claims of third parties with priority over the claims of our shareholders. To the extent any bankruptcy or insolvency claims deplete
the trust account, we cannot assure you we will