Company: COPL-UN
Filing Date: 2025-02-18
Form Type: S-1/A
Source: 0001829126-25-001063
Chunk: 3

Company: Copley Acquisition Corp
Filing Date: 2025-02-18
Form: S-1/A
Chunk 3
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ated 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 24 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 30 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 387,500 placement units (or up to 426,875 units if the underwriters exercise their over-allotment option in full) at a price of $10.00 per unit in a private placement that will close simultaneously with the closing of this offering. Each placement unit will be identical to the units sold in this offering, except as described in this prospectus. We refer to these units as the placement units throughout this prospectus. The sponsor also holds 5,750,000 Class B ordinary shares, which we refer to as “founder shares” as further described herein. [ ] (which is not affiliated with any member of our management), which we refer