Company: COPL-UN
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001829126-25-002621
Chunk: 280

Company: Copley Acquisition Corp
Filing Date: 2025-04-14
Form: S-1/A
Chunk 280
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 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 and may result in material dilution to the implied value of the shares held by our public shareholders. Our sponsor does not intend to purchase any units in this offering.

Our sponsor has committed to purchase an aggregate of 517,143 placement units (573,393 placement units if the over-allotment option is exercised in full) for an aggregate purchase price of $3,875,000 ($4,268,750 if the over-allotment option is exercised in full) in a private placement that will occur simultaneously with the closing of this offering. Of the 517,143 placement units (or 573,393 placement units if the over-allotment is exercised in full), the non-managing sponsor investors have expressed an interest to indirectly purchase, through the purchase of non-managing sponsor membership interests, 85,000 of the placement units (whether or not the over-allotment option is exercised in full) at a price of $10.00 per unit ($850,000 in the aggregate) in a private placement that will close simultaneously with the closing of this offering. Subject to the non-managing sponsor investors purchasing, through the sponsor, the placement units allocated to them in connection with the closing of this offering, the sponsor will issue membership interests at a nominal purchase price ($0.004) to the non-managing sponsor investors reflecting their interest in an aggregate of 1,133,333 founder shares held by the sponsor (whether or not the underwriters’ over-allotment option is exercised in full). The non-managing sponsor investors will have no right to vote any securities that they hold indirectly through membership units of the sponsor or participate in any decision regarding the disposal of any security held by the sponsor, or otherwise. There will be no redemption rights or liquidating distributions from the trust account with respect to the founder shares, placement shares or placement warrants, which will expire worthless if we do not consummate a business combination within the completion window. The private units and founder shares held by the sponsor are subject to a lock-up as described in ‘‘Principal Shareholders — Transfers of our Founder Shares and Placement Units.”

The placement units will be sold in a private placement pursuant to Section 4(a)(2) or Regulation D of the Securities Act and will be exempt from registration requirements under the federal securities laws. As such, the