Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 42

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 42
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 officers or directors upon conversion of working capital loans and extension loans made to us) minus (iii) any Class A ordinary
shares redeemed by public shareholders in connection with an initial business combination and any Class A ordinary shares redeemed by
public shareholders in connection with any amendment to our amended and restated memorandum and articles of association made prior to
the consummation of the initial business combination (A) to modify the substance or timing of our obligation to allow redemption in connection
with our initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination within
the completion window or (B) with respect to any other material provisions relating to the rights of holders of Class A ordinary shares
or pre-business combination activity; provided that such conversion of founder shares will never occur on a less than one-for-one basis.

Pursuant to a letter agreement
to be entered with us, each of our sponsor, directors and officers has agreed to restrictions on its ability to transfer, assign, or
sell the founder shares, placement units, and such other securities as summarized in the table below. In addition to the restrictions
set forth below, up to 750,000 Class B ordinary shares are subject to forfeiture to the extent the over-allotment option is not
exercised. Further, in the event of a transfer of sponsor membership interests by members of our sponsor or their affiliates, there will
be an indirect transfer of the founder shares and placement units held by our sponsor. While there are currently no circumstances
or arrangements contemplated under which our sponsor, its members or affiliates, directors or officers could indirectly transfer ownership
of securities owned by our sponsor through transfers of sponsor membership interests, such transfers are not prohibited. See “Risk Factors — Risks Relating to our Sponsor and Management Team — The ownership interest of our sponsor may change, and our sponsor may divest its ownership interest in us before identifying a business combination, which could deprive us of key personnel and advisors” on page 74.

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| Subject                                                                            
 Securities                                                                         |     | Transfer                                                                                                                                      
 Restrictions                                                                                                                                  |     | Natural                                            
 Persons and                                        
 Entities Subject                                   
 to                                                 
 Restrictions                                       |     | Exceptions                                                                                                                           
 to Transfer                                                                                                                          
 Restrictions                                                                                                                         |
| Founder Shares and any Class A ordinary shares issuable upon conversion of Founder 
 Shares                                                                             |     | Agreement not to (a) sell, offer to sell, contract or agree to sell, hypothecate,