Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 301

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 301
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 outstanding and the dilutive effect on our shareholders of issuing the maximum number of Class A ordinary shares issuable upon the
exercise of our warrants. If our management takes advantage of this option, all holders of warrants would pay the exercise price by surrendering
the public warrants for that number of Class A ordinary shares equal to the quotient obtained by dividing (x) the product of the number
of Class A ordinary shares underlying the warrants, multiplied by the excess of the “fair market value” of our Class A ordinary
shares over the exercise price of the warrants by (y) the fair market value. The “fair market value” will mean the volume
weighted average price of the Class A ordinary shares for the 10 trading days ending on the trading day prior to the date on which the
notice of redemption is sent to the holders of the public warrants. If our management takes advantage of this option, the notice of redemption
will contain the information necessary to calculate the number of Class A ordinary shares to be received upon exercise of the warrants,
including the “fair market value” in such case. Requiring a cashless exercise in this manner will reduce the number of shares
to be issued and thereby lessen the dilutive effect of a warrant redemption. We believe this feature is an attractive option to us if
we do not need the cash from the exercise of the warrants after our initial business combination.

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Redemption procedures and cashless exercise. A holder of a public warrant may notify us in writing in the event it elects to be subject to a requirement that
such holder will not have the right to exercise such public warrant, to the extent that after giving effect to such exercise, such person
(together with such person’s affiliates), to the warrant agent’s actual knowledge, would beneficially own in excess of 4.9%
or 9.8% (as specified by the holder) of the Class A ordinary shares issued and outstanding immediately after giving effect to such exercise.

Anti-dilution Adjustments.
If the number of issued and outstanding Class A ordinary shares is increased by a share capitalization or share dividend payable in Class
A ordinary shares, or by a sub-division of Class A ordinary shares or other similar event, then, on the effective date of such share
capitalization or share dividend, sub-division or similar event, the number of Class A ordinary shares issuable on exercise of each warrant
will be increased in proportion to such increase in the issued and outstanding