Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 41

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 41
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” on page 73 and “Dilution” on page 109.In addition, the cashless exercise of the
placement warrants included in the placement units purchased by our sponsor at the closing of this offering would increase the
dilution to our public shareholders. Further, the conversion of any working capital loans or extension loans into Working
Capital Units or Extension Units, respectively, as well as the cashless exercise of the placement warrants that are issued as part
of such units, would further increase the dilution to our public shareholders.

The founder shares will
automatically convert into Class A ordinary shares in connection with the consummation of our initial business combination or earlier
at the option of the holder on a one-for-one basis, subject to adjustment for share sub-divisions, share capitalizations, reorganizations,
recapitalizations and the like, and subject to further adjustment as provided herein. The Class A ordinary shares issuable in connection
with the conversion of the founder shares may result in material dilution to our public shareholders due to the anti-dilution rights
of our founder shares that may result in an issuance of Class A ordinary shares on a greater than one-to-one basis upon conversion. In
the case that additional Class A ordinary shares, or equity-linked securities, are issued or deemed issued in excess of the amounts sold
in this offering and related to or in connection with the closing of the initial business combination, the ratio at which Class B ordinary
shares convert into Class A ordinary shares will be adjusted (unless the holders of a majority of the issued and outstanding Class B
ordinary shares agree to waive such anti-dilution adjustment with respect to any such issuance or deemed issuance) so that the number
of Class A ordinary shares issuable upon conversion of all Class B ordinary shares will equal, in the aggregate, 25% of the sum of (i)
the founder shares and public shares issued and outstanding upon the completion of this offering (including any public shares issued
pursuant to the exercise of the underwriters’ over-allotment option), plus (ii) the total number of Class A ordinary shares issued
or deemed issued or issuable upon the conversion or exercise of any equity-linked securities issued or deemed issued, in connection with
the closing of the initial business combination (excluding any shares or equity-linked securities issued, or to be issued, to any seller
in the initial business combination and any Working Capital Units or Extension Units issued to our sponsor or any of its affiliates or
to our