Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 292

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 292
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, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account,
including interest (less taxes payable and up to $100,000 of interest to pay dissolution expenses) divided by the number of then outstanding
public shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to
receive further liquidation distributions, if any), and (iii) as promptly as reasonably possible following such redemption, subject to
the approval of our remaining shareholders and our board of directors, liquidate and dissolve, subject in each case to our obligations
under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law. Our sponsor, officers and directors
have entered into a letter agreement with us, pursuant to which they have agreed to waive their rights to liquidating distributions from
the trust account with respect to their founder shares and placement shares if we fail to complete our initial business combination within
the completion window. However, if our sponsor, officers or directors acquire public shares after this offering, they will be entitled
to liquidating distributions from the trust account with respect to such public shares if we fail to complete our initial business combination
within the prescribed time period.

If we are unable to complete
an initial business combination within the completion window, we may seek an amendment to our amended and restated memorandum and articles
of association to extend the period of time we have to complete an initial business combination. Amending our amended and restated memorandum
and articles of association will require at least a special resolution of our shareholders as a matter of Cayman Islands law, meaning
that such an amendment be approved by a majority of at least two-thirds (2/3) of the votes cast by such shareholders as, being entitled
to do so, vote in person or, where proxies are allowed, by proxy at a general meeting. If we seek shareholder approval to extend the
completion window, we will offer our public shareholders the right to have their public shares redeemed for a pro rata share of the aggregate
amount then on deposit in the trust account, as described in greater detail in this prospectus. There are no limitations as to the duration
of an extension or the number of times the completion window may be extended by shareholders via an amendment to our amended and restated
memorandum and articles of association.

In the event of a liquidation,
dissolution or winding up of the company after a business combination, our shareholders are entitled to share