Company: COPL-UN
Filing Date: 2025-04-23
Form Type: S-1/A
Source: 0001829126-25-002866
Chunk: 74

Company: Copley Acquisition Corp
Filing Date: 2025-04-23
Form: S-1/A
Chunk 74
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 in favor of a transaction
(assuming all outstanding shares are voted, the representative shares are voted in favor of the proposal, the over-allotment option is
not exercised and the parties to the letter agreement do not acquire any public shares). Assuming that only the holders of a majority
of our issued and outstanding ordinary shares, representing a quorum under our amended and restated memorandum and articles of association,
vote their shares at a general meeting of the company, we will not need any public shares in addition to the founder shares and placement
shares held by our sponsor to be voted in favor of an initial business combination in order to approve an initial business combination.
Accordingly, if we seek shareholder approval of our initial business combination, it is more likely that the necessary shareholder approval
will be received than would be the case if such persons agreed to vote their founder shares in accordance with the majority of the votes
cast by our public shareholders.

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Your only opportunity to affect the investment decision regarding a potential business combination will be limited to the exercise of your right to redeem your shares from us for cash, unless we seek shareholder approval of the business combination.

At the time of your investment in us, you will not be provided with an opportunity to evaluate the specific merits or risks of one or more target businesses. Since our board of directors may complete a business combination without seeking shareholder approval, public shareholders may not have the right or opportunity to vote on the business combination, unless we seek such shareholder approval. Accordingly, if we do not seek shareholder approval, your only opportunity to affect the investment decision regarding a potential business combination may be limited to exercising your redemption rights within the period of time (which will be at least 20 business days) set forth in our tender offer documents mailed to our public shareholders in which we describe our initial business combination. The amount of the deferred underwriting commissions payable to the underwriter will not be adjusted for any shares that are redeemed in connection with an initial business combination. The per-share amount we will distribute to shareholders who properly exercise their redemption rights will not be reduced by the deferred underwriting commission and after such redemptions, the per-share value of shares held by non-redeeming shareholders will reflect our obligation to pay the deferred underwriting commissions.

We do not have a minimum net tangible asset requirement.

Our amended and restated memorandum and articles of association does not contain a minimum net tangible asset requirement. Such a requirement can serve to ensure that our securities are not determined to be “p