Company: COPL-UN
Filing Date: 2025-02-03
Form Type: S-1/A
Source: 0001829126-25-000620
Chunk: 280

Company: Copley Acquisition Corp
Filing Date: 2025-02-03
Form: S-1/A
Chunk 280
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 limited exceptions as described under “Principal Shareholders — Transfers of Founder Shares and Placement Units,” to our officers and directors and other persons or entities affiliated with the initial purchasers of the placement units). The placement warrants will not be redeemable by us and may be exercised on a cashless basis. All modifications or amendments to the placement warrants or the warrant agreement related to the placement warrants, including any modification or amendment to increase the warrant price or shorten the exercise period, shall require (including, for the avoidance of doubt, the forfeiture or cancellation of any placement warrants) 50% of the number of then outstanding placement warrants.

Dividends

We have not paid any cash
dividends on our ordinary shares to date and do not intend to pay cash dividends prior to the completion of our initial business combination.
A Cayman Islands company may pay a dividend on its shares out of profits, the share premium account or other funds of the company lawfully
available therefor, provided that in no circumstances may a dividend be paid if following such payment the company would be unable to
pay its debts as they fall due in the ordinary course of business. The payment of cash dividends following completion of our initial
business combination will be within the discretion of our board of directors at such time and will be dependent upon our revenues and
earnings, if any, capital requirements and general financial condition at such time. There is no certainty we will be in a position to,
or decide to, pay cash dividends after completing any business combination. If we increase or decrease the size of this offering, we
will effect a share capitalization or a share repurchase or surrender or other appropriate mechanism immediately prior to the consummation
of this offering in such amount as to maintain the number of founder shares at 25% of our issued and outstanding founder shares and public
shares upon the consummation of this offering. Any additional Class B ordinary shares issued to our sponsor through such a share capitalization
would be issued at their nominal par value. Further, if we incur any indebtedness in connection with our initial business combination,
our ability to declare dividends following completion of our initial business combination may be limited by restrictive covenants we
may agree to in connection therewith.

Our Transfer Agent and Warrant Agent

The transfer agent for our ordinary shares and warrant agent for our warrants is Continental Stock Transfer & Trust Company. We have agreed to indemnify Continental Stock Transfer & Trust Company in its roles as transfer agent and warrant agent, its agents and each of its