Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 189

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 189
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 If we complete our initial business combination, we would repay such loaned amounts out of the proceeds of the trust
account released to us. Otherwise, such loans would be repaid only out of funds held outside the trust account. In the event that
our initial business combination does not close, we may use a portion of the working capital held outside the trust account to repay
such loaned amounts but no proceeds from our trust account would be used for such repayment. Such loans may be convertible into
Working Capital Units and Extension Units, respectively, at a price of $7.00 per unit at the option of the lender at the time of
the business combination. The Working Capital Units and Extension Units would be identical to the placement units sold in the
private placement described below. We do not expect to seek loans from parties other than our sponsor or an affiliate of our sponsor
as we do not believe third parties will be willing to loan such funds and provide a waiver against any and all rights to seek access
to funds in our trust account.

<div align='center'>117</div>

Our sponsor has committed
to purchase an aggregate of 517,143 placement units (or 573,393 if the over-allotment option is exercised in full) for an aggregate purchase
price of $3,875,000 (or $4,268,750 if the over-allotment option is exercised in full) in a private placement that will occur simultaneously
with the closing of this offering. Of the 517,143 placement units (or 573,393 placement units if the over-allotment is exercised in full),
the non-managing sponsor investors have expressed an interest to indirectly purchase, through the purchase of non-managing sponsor
membership interests, 85,000 of the placement units (whether or not the over-allotment option is exercised in full) at a price of $10.00
per unit ($850,000 in the aggregate) in a private placement that will close simultaneously with the closing of this offering. Subject
to the non-managing sponsor investors purchasing, through the sponsor, the placement units allocated to them in connection with the closing
of this offering, the sponsor will issue membership interests at a nominal purchase price ($0.004) to the non-managing sponsor investors
reflecting their interest in an aggregate of 1,133,333 founder shares held by the sponsor (whether or not the underwriters’ over-allotment option
is exercised in full). The non-managing