Company: COPL-UN
Filing Date: 2025-02-03
Form Type: S-1/A
Source: 0001829126-25-000620
Chunk: 352

Company: Copley Acquisition Corp
Filing Date: 2025-02-03
Form: S-1/A
Chunk 352
---
or earlier at the option of the holder on a one-for-one basis, subject to adjustment for share sub-divisions, share capitalizations,
reorganizations, recapitalizations and the like, and subject to further adjustment as provided. In the case that additional Class A ordinary
shares, or equity-linked securities, are issued or deemed issued in excess of the amounts sold in this offering and related to or in
connection with the closing of the initial Business Combination, the ratio at which Class B ordinary shares convert into Class A ordinary
shares will be adjusted (unless the holders of a majority of the issued and outstanding Class B ordinary shares agree to waive such anti-dilution
adjustment with respect to any such issuance or deemed issuance) so that the number of Class A ordinary shares issuable upon conversion
of all Class B ordinary shares will equal, in the aggregate, 25% of the sum of (i) the Founder Shares and public shares issued and outstanding
upon the completion 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 our sponsor or any of its affiliates or to our 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 our initial Business
Comb