Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 384

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 384
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 of
this offering (including any public shares issued pursuant to the exercise of the underwriters’ over-allotment option), plus (ii)
the total number of Class A ordinary shares issued or deemed issued or issuable upon the conversion or exercise of any equity-linked
securities issued or deemed issued, in connection with the closing of the Initial Business Combination (excluding any shares or equity-linked
securities issued, or to be issued, to any seller in the initial Business Combination and any private placement-equivalent units issued
to the Sponsor or any of its affiliates or to officers or directors upon conversion of working capital loans and extension loans made)
minus (iii) any Class A ordinary shares redeemed by public shareholders in connection with an initial Business Combination and any Class
A ordinary shares redeemed by public shareholders in connection with any amendment to the Company’s amended and restated memorandum
and articles of association made prior to the consummation of an initial Business Combination (A) to modify the substance or timing of
the Company’s obligation to allow redemption in connection with an initial Business Combination or to redeem 100% of the Company’s
public shares if it does not complete an initial Business Combination within the completion window or (B) with respect to any other material
provisions relating to the rights of holders of Class A ordinary shares or pre-Business Combination activity; provided that such conversion
of Founder Shares will never occur on a less than one-for-one basis. The foregoing is subject to adjustment (unless otherwise provided
in the definitive agreement for the initial Business Combination) for share subdivisions, share dividends, reorganizations, recapitalizations
and the like, and subject to further adjustment as provided in the prospectus.

<div align='center'>F-13</div>

NOTE 5: RELATED PARTY TRANSACTIONS (cont.)

With certain limited exceptions, the Founder Shares are not transferable, assignable or saleable (except to officers and directors and
other persons or entities affiliated with the Sponsor, each of whom will be subject to the same transfer restrictions) until the earlier
of (i) 180 days after the completion of the initial Business Combination; or (ii) subsequent to the initial Business Combination (x) if
the last reported sale price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share subdivisions, share
dividends, rights issuances, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period
commencing