Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 220

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 220
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 be convertible or exercisable, exceeds either (a)      
 1% of the number of ordinary shares or 1% of the voting power outstanding before the issuance in the case of any of our directors      
 and officers or (b) 5% of the number of ordinary shares or 5% of the voting power outstanding before the issuance in the case of       
 any substantial security holders; or                                                                                                   |

| ● | the issuance or potential issuance of ordinary shares will result in our undergoing a change of control. |

The Companies Act and Cayman
Islands law do not currently require, and we are not aware of any other applicable law that will require, shareholder approval of our
initial business combination, save if the business combination is structured as a statutory merger or consolidation with another company
under the laws of the Cayman Islands which would require the approval of a special resolution.

The decision as to whether we
will seek shareholder approval of a proposed business combination in those instances in which shareholder approval is not required by
law will be made by us, solely in our discretion, and will be based on business and reasons, which include a variety of factors, including,
but not limited to:

| ● | the timing of the transaction, including in the event we determine                                                                    
 shareholder approval would require additional time and there is either not enough time to seek shareholder approval or doing so would 
 place the company at a disadvantage in the transaction or result in other additional burdens on the company;                          |

| ● | the expected cost of holding a shareholder vote; |

| ● | the risk that the shareholders would fail to approve the proposed 
 business combination;                                             |

| ● | other time and budget constraints of the company; and |

| ● | additional legal complexities of a proposed business combination        
 that would be time consuming and burdensome to present to shareholders. |

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Permitted purchases and other transactions with respect to our securities

If we seek shareholder approval
of our initial business combination and we do not conduct redemptions in connection with our initial business combination pursuant to
the tender offer rules, our sponsor, initial shareholders, directors, officers, advisors or their affiliates may purchase public shares
or public warrants in privately-negotiated transactions or in the open market either prior to or following the completion of our initial
business combination. There is no limit on the number of shares or warrants our initial shareholders, directors, officers, advisors or
their affiliates may purchase in such transactions, subject to compliance with applicable law