Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 51

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 51
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 with our initial business combination or to redeem 100% of          
 our public shares if we do not complete our initial business combination within the completion window or (B) with respect to any            
 other material provision relating to the rights of holders of Class A ordinary shares or pre-initial business combination activity;         
 and (iii) their rights to liquidating distributions from the trust account with respect to their founder shares and placement shares        
 if we fail to complete our initial business combination within the completion window (although they will be entitled to liquidating         
 distributions from the trust account with respect to any public shares they hold if we fail to complete our initial business                
 combination within the prescribed time frame). If we submit our initial business combination to our shareholders for a vote, our            
 sponsor, officers and directors have agreed, pursuant to such letter agreement, to vote their founder shares, placement shares and          
 any public shares purchased during or after the offering (except with respect to any public shares which may not be voted in favor          
 of approving the business combination transaction in accordance with the requirements of Rule 14e-5 under the Exchange Act and any          
 SEC interpretations or guidance relating thereto) in favor of our initial business combination (as a result, in addition to the             
 founder shares and placement shares held by our initial shareholders, we would need only 4,666,429 or approximately 31.1%, of the           
 15,000,000 public shares sold in this offering to be voted 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 our founder shares and placement shares to be voted in            
 favor of an initial business combination in order to approve an initial business combination;                                               |
|                                                                                   | ● | the founder shares will automatically                                                                                                       
 convert into our Class A ordinary shares in connection with the consummation of our initial business combination, or at any time            
 and from time to time at the option of the holders thereof, on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution 
 rights, as described in more detail below and in our amended and