Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 347

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 347
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 and Backup Withholding

Dividend payments with respect
to our Class A ordinary shares and proceeds from the sale, exchange or redemption of our securities may be subject to information reporting
to the IRS and possible U.S. backup withholding. Backup withholding will not apply, however, to a U.S. holder who furnishes a correct
taxpayer identification number and makes other required certifications, or who is otherwise exempt from backup withholding and establishes
such exempt status. A Non-U.S. holder generally will eliminate the requirement for information reporting and backup withholding by providing
certification of its non-U.S. status, under penalties of perjury, on a duly executed applicable IRS Form W-8 or by otherwise establishing
an exemption.

Backup withholding is not an
additional tax. Amounts withheld as backup withholding may be credited against a holder’s U.S. federal income tax liability, and
a holder generally may obtain a refund of any excess amounts withheld under the backup withholding rules by timely filing the appropriate
claim for refund with the IRS and furnishing any required information.

The U.S. federal income tax discussion set forth above is included for general information only and may not be applicable depending upon a holder’s particular situation. Holders are urged to consult their own tax advisors with respect to the tax consequences to them of the acquisition, ownership and disposition of our Class A Ordinary Shares and warrants, including the tax consequences under U.S. federal, state, local, estate, non-U.S. and other tax laws and tax treaties and the possible effects of changes in U.S. or other tax laws.

<div align='center'>210

UNDERWRITING</div>

Subject to the terms and conditions
set forth in the underwriting agreement, dated [ ], between us and Clear Street, we have agreed to sell to Clear Street, and
Clear Street has agreed to purchase from us, the respective number of units shown opposite its name below:

| Underwriter |     | Number of Units |            |
| Clear       
 Street LLC  |     |                 | 15,000,000 |
| Total       |     |                 | 15,000,000 |

The underwriting agreement provides
that, subject to the terms and conditions set forth therein, that the underwriter is obligated to purchase all the units in this offering
if any are purchased, other than those units covered by the over-allotment option described below.

We have agreed to indemnify the
underwriter against certain liabilities under the Securities Act, or contribute to payments that the under