Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 255

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 255
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have the right to appoint all of our directors and remove members of the board of directors for any reason, and holders of our public
shares will not have the right to vote on the appointment or removal of directors during such time. These provisions of our amended and
restated memorandum and articles of association may only be amended by a special resolution passed by the affirmative vote of a majority
of at least 90% (or, where such amendment is proposed in respect of the consummation of our initial business combination, two-thirds)
of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable
general meeting of the company, or a resolution approved in writing by all of the holders of the issued shares entitled to vote on such
matter. Subject to any other special rights applicable to the shareholders, any vacancies on our board of directors may be filled by
the affirmative vote of a majority of the directors present and voting at the meeting of our board of directors or by an ordinary resolution
of our shareholders (or, prior to our initial business combination, an ordinary resolution approved by the holders of our founder shares).

Our officers are appointed
by the board of directors and serve at the discretion of the board of directors, rather than for specific terms of office. Our board
of directors is authorized to appoint persons to the offices set forth in our amended and restated memorandum and articles of association
as it deems appropriate. Our amended and restated memorandum and articles of association provide that our officers may consist of, without
limitation, a Chairman, Chief Executive Officer, President, Chief Financial Officer, Chief Operating Officer, Vice Presidents, Secretary,
Assistant Secretaries, Treasurer and such other offices as may be determined by the board of directors.

Director Independence

The NYSE listing standards
require that a majority of our board of directors be independent. An “independent director” is defined generally as a person
who has no material relationship with the listed company (either directly or as a partner, shareholder or officer of an organization
that has a relationship with the company). Upon the effectiveness of the registration statement of which this prospectus forms a part,
we expect to have four “independent directors” as defined in the NYSE listing standards and applicable SEC rules prior to
completion of this offering.

Our board has determined
that each of Messrs. Djebbari and Whitsitt, Dr. Meng and Ms. Fannin are independent directors under