Company: COPL-UN
Filing Date: 2025-02-18
Form Type: S-1/A
Source: 0001829126-25-001063
Chunk: 50

Company: Copley Acquisition Corp
Filing Date: 2025-02-18
Form: S-1/A
Chunk 50
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 and placement shares to be voted in favor of an initial business combination in order to approve an initial business combination; |

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|                                         |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | ● | the founder shares will automatically convert into our Class A ordinary shares in connection with the consummation of our initial business combination, or at any time and from time to time at the option of the holders thereof, on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, as described in more detail below and in our amended and restated memorandum and articles of association; and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                                         |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | ● | the founder shares are subject to registration rights as described under “Principal Shareholders — Registration Rights”.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
 The interests of the members of the sponsor are denominated in two classes of membership interest units: (i) Class A membership units representing interests in the founder shares and (ii) Class B membership units that will represent an interest in the placement units. All members of the sponsor, including the non-managing sponsor member, will hold Class A membership units representing their proportional interest in the founder shares and Class B membership units representing their proportional interest in the placement units. Pursuant to the governing documents of the sponsor, the management and control of the sponsor is vested exclusively with the manager, without any voting rights by any members regardless of their respective ownership. As a result, the non-managing sponsor member will have no right to control the sponsor. In addition, the non-managing sponsor member will have no right to vote the founder shares, placement units or securities comprising the placement units that it holds indirectly through its Class A or Class B membership units of the sponsor. The non-managing sponsor member’s membership interests in our sponsor track our underlying securities on a 1:1 basis. |
| Transfer restrictions on founder shares |     | Our sponsor, officers and directors have agreed not to transfer, assign or sell any of their founder shares and any Class A ordinary shares issuable upon the conversion thereof until the earlier to occur of: (A) one year after the completion of our initial business combination; and (B) subsequent to our initial business combination (x) if the last reported sale price of our Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share dividends