Company: COPL-UN
Filing Date: 2025-06-13
Form Type: 10-Q
Source: 0001829126-25-004483
Chunk: 3

Company: Copley Acquisition Corp
Filing Date: 2025-06-13
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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 STATEMENT OF CHANGES IN
SHAREHOLDER’S DEFICIT

FOR THE THREE MONTHS ENDED MARCH 31, 2025

(Unaudited)

    Class A  Ordinary Shares

    Class B  Ordinary Shares(1)

    Additional Paid-in

    Accumulated

    Total Shareholder’s

    Shares

    Amount

    Shares

    Amount

    Capital

    Deficit

    Deficit

    Balance – January 1, 2025

    -

    $
    -

    5,750,000

    $
    575

    $
    24,425

    $
    (68,787
    )
     
    $
    (43,787
    )
  
    Net loss

    -

    -

    -

    -

    -

    (74,699
    )

    (74,699
    )
  
    Balance
    – March 31, 2025 (Unaudited)

    -

    $
    -

    5,750,000

    $
    575

    $
    24,425

    $
    (143,486
    )
     
    $
    (118,486
    )

(1)Includes 750,000 Class B ordinary shares subject to forfeiture
if the over-allotment option was not exercised in full or in part by the underwriters (see Note 7). On May 2, 2025, the Company consummated
its Initial Public Offering and sold 17,250,000 Units, including 2,250,000 Units sold pursuant to the full exercise of the underwriters’
option to purchase additional Units to cover the over-allotment, hence the 750,000 Class B ordinary shares are no longer subject to forfeiture.

The accompanying notes are an integral part of
these unaudited condensed financial statements.

4

COPLEY ACQUISITION CORP

CONDENSED STATEMENT OF CASH FLOWS

FOR THE THREE MONTHS ENDED MARCH 31, 2025

(Unaudited)

    Cash flows from Operating Activities:

    Net loss
     
    $
    (74,699
    )
  
    Adjustment to reconcile net loss to net cash used in operating activities:

    Accrued expenses

    74,699

    Net cash used in operating activities

    -

    Net change in cash

    -

    Cash - Beginning of period

    -

    Cash - End of period