Company: COPL-UN
Filing Date: 2025-02-18
Form Type: S-1/A
Source: 0001829126-25-001063
Chunk: 201

Company: Copley Acquisition Corp
Filing Date: 2025-02-18
Form: S-1/A
Chunk 201
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 the completion window or in connection with the consummation of a business combination at prices no greater than the price at which the securities were originally purchased; (g) to us for no value for cancellation in connection with the consummation of the initial business combination; (h) in the event of our liquidation prior to our consummation of our initial business combination; (i) by virtue of the laws of the State of Delaware, the Sponsor’s limited liability company agreement, upon dissolution of the Sponsor; and (j) in the event that, subsequent to our consummation of an initial business combination, we complete a liquidation, merger, share exchange or other similar transaction which results in all of our shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property; provided, however, that in the case of clauses (a) through (f) these permitted transferees must enter into a written agreement agreeing to be bound by these transfer restrictions and the other restrictions contained in the letter agreement. |

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| Subject Securities                                  |     | Expiration Date                                                  |     | Natural Persons and                                    
 Entities Subject to Restrictions                       |     | Exceptions to Transfer Restrictions |
| Placement Units Placement Shares Placement Warrants |     | 30 days after the completion of our initial business combination |     | Our sponsor, officers, directors and director nominees |     | Same as above.                      |

While the non-managing sponsor member will not be a party to the letter agreement discussed above with each of our sponsor, directors and officers, and it does not fall under the definition of an “Insider” contained in such letter agreement, it will be bound by the restrictions set forth above with respect to its allocated founder shares and placement units or securities comprising the placement units to the extent of, and as a result of, its ownership of membership interests in the sponsor and their control by the sponsor’s manager. The non-managing sponsor member will not otherwise be bound by the terms of the letter agreement and is not required to vote any public securities it may acquire in favor of an initial business combination.

Pursuant to the underwriting agreement to be entered into by us and Clear Street, we have agreed to issue to Clear Street and/or its designees, 150,000 Class A ordinary shares (or 172,500 Class A ordinary shares if the underwriters’ over-allotment option is exercised in full), also referred to herein as representative shares, upon the consummation of