Company: COPL-UN
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001829126-25-009051
Chunk: 45

Company: Copley Acquisition Corp
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 45
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 may determine in their sole discretion.
However, there is no assurance that the Company will be able to obtain such additional financing on commercially acceptable terms, if
at all.

If the Company is unable to secure additional
funding, it may be required to take measures to conserve liquidity, which could include, but are not limited to, curtailing operations,
suspending the pursuit of a potential business combination, and reducing overhead expenses.

There is no assurance that the Company’s plans to raise capital
or to consummate a business combination will be successful within the completion window. The condensed financial statements do not include
any adjustments that might result from the outcome of this uncertainty.

Related Party Transactions

Founder Shares

On December 3, 2024, the Sponsor received
5,750,000 of the Company’s Class B ordinary shares (“Founder Shares”) in exchange for $25,000 paid for deferred
offering costs borne by the Sponsor. Up to 750,000 of such Founder Shares were subject to forfeiture to the extent that the
underwriters’ over-allotment was not exercised in full. On May 2, 2025, the over-allotment option was exercised in full, resulting in no forfeiture of Founder Shares.

23

Private Placement

On May 2, 2025, the Company consummated the sale of 499,643 Private Placement Units at a price of $10.00 per Private Placement Unit for the first 67,500 Private Placement Units sold and at a price of $7.00 for each additional Private Placement Unit in a private placement to the Sponsor, generating gross proceeds of $3,700,001 to the Company. On May 2, 2025, with the closing of the full exercise of the over-allotment option, we completed the private sale of an aggregate of additional 56,250 Private Placement Units, at a purchase price of $7.00 per Private Placement Unit, generating gross proceeds of $393,750.

Due to Related Party

The Sponsor paid certain formation, operating or deferred offering
costs on behalf of the Company. These amounts are due on demand and non-interest bearing. During the period from November 26, 2024 (inception)
through May 2, 2025, the Sponsor paid $276,803 on behalf of the Company, of which $25,000 was paid in exchange for the issuance of Founder
Shares and $251,803 was transferred into the Promissory Note. As of September