Company: COPL-UN
Filing Date: 2025-04-23
Form Type: S-1/A
Source: 0001829126-25-002866
Chunk: 117

Company: Copley Acquisition Corp
Filing Date: 2025-04-23
Form: S-1/A
Chunk 117
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 the holders thereof, on a one-for-one basis, subject to adjustment, as described therein. |

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The value of the founder shares held by our sponsor following completion of our initial business combination is likely to be substantially higher than the nominal price paid for them, even if the trading price of our ordinary shares at such time is substantially less than $10.05 per share.

Upon the closing of this
offering, assuming no exercise of the underwriters’ over-allotment option, our sponsor and the non-managing sponsor investors (if
any) will have invested in us an aggregate of $3,725,001, comprised of the $25,000 purchase price for the founder shares and the $3,700,001
purchase price for the placement units purchased by the sponsor. Assuming a trading price of $10.05 per share upon consummation of our
initial business combination, the 5,000,000 founder shares (assuming the underwriter’s over-allotment option was not exercised)
and the 499,643 placement shares held by our sponsor would have an aggregate value of $55,271,412.15. Even if the trading price of our
Class A ordinary shares was as low as approximately $0.68 per share, and the placement warrants were worthless, the value of the founder
shares and the placement shares held by our sponsor would be equal to the sponsor’s initial investment in us. As a result, our
sponsor and the non-managing sponsor investors (if they participate) are likely to be able to recoup its investment in us and make a
substantial profit on that investment, even if our public shares have lost significant value. Accordingly, our management team, which
owns interests in our sponsor, may have an economic incentive that differs from that of the public shareholders to pursue and consummate
an initial business combination rather than to liquidate and to return all of the cash in the trust to the public shareholders, even
if that business combination were with a riskier or less-established target business. The non-managing sponsor investors will share in
any appreciation of the founder shares through their non-managing membership interests in the sponsor if we successfully complete a business
combination. Accordingly, the non-managing sponsor investors’ interest in the founder shares owned by them indirectly through their
membership interest in the sponsor may provide them with an incentive to vote any public shares they own in favor of a business combination,
and make a substantial profit on