Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 170

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 170
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 of such business combination. In the event we identify an           
 acquisition target in a specific industry subject to specific regulations, we may incur additional expenses associated with legal         
 due diligence and the engagement of special legal counsel. In addition, our staffing needs may vary and as a result, we may engage a      
 number of consultants to assist with legal and financial due diligence. We do not anticipate any change in our intended use of            
 proceeds, other than fluctuations among the current categories of allocated expenses, which fluctuations, to the extent they exceed       
 current estimates for any specific category of expenses, would not be available for our expenses. The amount in the table above does      
 not include interest available to us from the trust account. Based on current interest rates, we expect that interest earned on the       
 trust account will be sufficient to pay our taxes. In order to fund working capital deficiencies, finance transaction costs in            
 connection with an intended initial business combination, and cover the cost of the extension options, our sponsor or an affiliate        
 of our sponsor or certain of our directors and officers may, but are not obligated to, loan us funds as may be required. 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 to repay such loaned amounts. 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. 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.                                                                                                                            |
| (6) | Estimated                                                                                                                                 
 for 12 months. Includes estimated amounts that may also be used in connection with our initial business combination to fund a “no         
 shop” provision and commitment fees for financing.                                                                                        |

The rules of NYSE provide that at least 90% of the gross proceeds from this offering and the private