Company: COPL-UN
Filing Date: 2025-02-03
Form Type: S-1/A
Source: 0001829126-25-000620
Chunk: 175

Company: Copley Acquisition Corp
Filing Date: 2025-02-03
Form: S-1/A
Chunk 175
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 us. However, the registration rights agreement provides that we will not be required to effect or permit any registration or cause any registration statement to become effective until the securities covered thereby are released from their lock-up restrictions, as described herein.

[ ] (which is not affiliated with any member of our management), which we refer to as the “non-managing sponsor member” throughout this prospectus, has expressed an interest to indirectly purchase, through the purchase of non-managing sponsor membership interests, [ ] of the placement units at a price of $10.00 per unit ($[ ] in the aggregate) in a private placement that will close simultaneously with the closing of this offering. Subject to the non-managing sponsor member purchasing, through the sponsor, the placement units allocated to it simultaneously with the closing of this offering, the sponsor will issue membership interests at a nominal purchase price ($0.004) to the non-managing sponsor member reflecting its interest in an aggregate of [ ] founder shares held by the sponsor (or up to [ ] founder shares held by the sponsor if the underwriter’s over-allotment option is exercised in full). The non-managing sponsor member will have no right to vote the founder shares, placement units or securities comprising the placement units that it holds indirectly through its membership interests in the sponsor.

For a discussion of certain additional arrangements with the non-managing sponsor member, see “Risk Factors — Risks Relating to our Search for, and Consummation of or Inability to Consummate, a Business Combination — Since our sponsor, officers and directors, any other holder of our founder shares, including the non-managing sponsor member, will lose their entire investment in us if our initial business combination is not completed (other than with respect to public shares they may acquire during or after this offering), a conflict of interest may arise in determining whether a particular business combination target is appropriate for our initial business combination; in addition, we are not prohibited from pursuing an initial business combination with a company that is affiliated with our sponsor, officers, directors or the non-managing sponsor member, or completing the business combination through a joint venture or other form of shared ownership with our sponsor, officers or directors or the non-managing sponsor member.”

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Off-Balance Sheet Arrangements; Commitments and Contractual Obligations; Quarterly Results

As of December 3, 2024, we did not have any off-balance sheet arrangements as defined in Item 303(a)(4)(ii)