Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 3

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 3
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Notwithstanding the foregoing
redemption rights, if we seek shareholder approval of our initial business combination and we do not conduct redemptions in connection
with our initial business combination pursuant to the tender offer rules, our amended and restated memorandum and articles of association
provide that a public shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is
acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”), will be restricted from exercising redemption rights with respect to more than an aggregate of 15% of the
shares sold in this offering without our prior consent. However, we would not restrict our shareholders’ ability to vote all of
their shares (including all shares held by those shareholders that hold more than 15% of the shares sold in this offering) for or against
our initial business combination or to abstain from voting. See “Summary — The Offering — Limitation on redemption rights of shareholders holding more than 15% of the shares sold in this offering if we hold shareholder vote” for further discussion
on certain limitations on redemption rights.

If we have not completed
our initial business combination within 18 months from the closing of this offering (which can be extended two times without shareholder
approval, each by an additional three months, for a total completion window of up to 24 months) or by such earlier liquidation date as
our board of directors may approve, we will redeem 100% of the public shares 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 issued and outstanding public shares, subject to applicable law and as further described herein.
See “Summary — The Offering — Redemption of public shares and distribution and liquidation if no initial business combination” for more information.

Our sponsor, Copley Acquisition
Sponsors, LLC, a Delaware limited liability company, has committed to purchase 517,143 placement units (or up to 573,393 placement units
if the underwriters exercise their over-allotment option in full) at a price of $10.00 per placement unit for the first 85,000 placement
units purchased and at a price of $7.00 for each additional placement unit in a private placement that will close simultaneously with