Company: COPL-UN
Filing Date: 2025-04-23
Form Type: S-1/A
Source: 0001829126-25-002866
Chunk: 125

Company: Copley Acquisition Corp
Filing Date: 2025-04-23
Form: S-1/A
Chunk 125
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 the Securities Act or applicable state securities laws.

There may be a circumstance where an exemption from registration exists for holders of our placement warrants to exercise their warrants while a corresponding exemption does not exist for holders of the public warrants included as part of units sold in this offering. In such an instance, the sponsor and their respective permitted transferees (which may include our directors and executive officers) would be able to exercise their warrants and sell the ordinary shares underlying their warrants while holders of our public warrants would not be able to exercise their warrants and sell the underlying ordinary shares. If and when the public warrants become redeemable by us, we may exercise our redemption right even if we are unable to register or qualify the underlying Class A ordinary shares for sale under all applicable state securities laws. As a result, we may redeem the public warrants as set forth above even if the holders are otherwise unable to exercise their warrants.

Our sponsor will control the appointment and removal of our board of directors until consummation of our initial business combination and will hold a substantial interest in us. As a result, it will appoint all of our directors and may exert a substantial influence on actions requiring shareholder vote, potentially in a manner that you do not support.

Upon the closing of this
offering, our sponsor will own approximately 26.6% of our issued and outstanding ordinary shares (including the placement shares comprising
part of the placement units and assuming our initial holders do not purchase any units in this offering). In addition, holders of the
founder shares will be entitled to appoint and remove all of our directors prior to our initial business combination. The non-managing
sponsor investors will have no right to vote the founder shares, placement units or securities comprising the placement units that they
hold indirectly through their membership interests in the sponsor. The non-managing sponsor investors’ membership interests in
our sponsor track our underlying securities on a 1:1 basis. Holders of our public shares will have no right to vote on the appointment
or removal of directors during such time, unless there are no longer any Class B ordinary shares outstanding. These provisions of our
amended and restated memorandum and articles of association may only be amended by a special resolution passed by the affirmative vote
of at least 90% (or, where such amendment is proposed in respect of the consummation of our initial business combination, two-thirds)
of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the