Company: COPL-UN
Filing Date: 2025-04-23
Form Type: S-1/A
Source: 0001829126-25-002866
Chunk: 112

Company: Copley Acquisition Corp
Filing Date: 2025-04-23
Form: S-1/A
Chunk 112
---
 and may result in material dilution to the implied value of the shares held by our public
shareholders. The founder shares will be worthless if we do not complete an initial business combination.

In addition, our sponsor
has committed to purchase 499,643 placement units (or 555,893 placement units if the over-allotment option is exercised in full), for
a purchase price of $3,700,001 (or $4,093,751 if the over-allotment option is exercised in full) in a private placement that will occur
simultaneously with the closing of this offering. There will be no redemption rights or liquidating distributions from the trust account
with respect to the founder shares, placement shares or placement warrants, which will expire worthless if we do not consummate a business
combination within the completion window. Of the 499,643 placement units (or 555,893 placement units if the over-allotment is exercised
in full), the non-managing sponsor investors have expressed an interest to indirectly purchase, through the purchase of non-managing sponsor
membership interests, 67,500 of the placement units (whether or not the over-allotment option is exercised in full) at a price of $10.00
per unit ($675,000 in the aggregate) in a private placement that will close simultaneously with the closing of this offering. Subject
to the non-managing sponsor investors purchasing, through the sponsor, the placement units allocated to them in connection with the closing
of this offering, the sponsor will issue membership interests at a nominal purchase price ($0.004) to the non-managing sponsor investors
reflecting their interest in an aggregate of 900,000 founder shares held by the sponsor (whether or not the underwriters’ over-allotment option
is exercised in full). The placement units will be worthless if we do not complete our initial business combination. The personal and
financial interests of our officers and directors may influence their motivation in identifying and selecting a target business combination,
completing an initial business combination and influencing the operation of the business following the initial business combination.
This risk may become more acute as the end of the completion window nears, which is the deadline for our completion of an initial business
combination.

Given the differential in the purchase price paid for the founder shares as compared to the initial public offering price of the public shares and the substantial number of Class A ordinary shares that holders of our founder shares would receive upon conversion of the founder shares upon