Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 351

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 351
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 or a shareholder vote to approve an amendment to our amended and restated memorandum and
articles of association (A) to modify the substance or timing of our obligation to allow redemptions in connection 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) to waive their rights to liquidating distributions from the trust account with respect to such shares
if we fail to complete our initial business combination within 18 months (or up to 24 months if we extend the period of time to consummate
a business combination, as described in more detail in this prospectus, provided that our sponsor and/or its designees must deposit into
the Trust Account for each three months extension, funds equal to the product of (x) $0.10 and (y) the number of public shares then issued
and outstanding.

The representative shares have
been deemed compensation by FINRA and are therefore subject to a lock-up for a period of 180 days immediately following the commencement
of sales of this offering. Pursuant to FINRA Rule 5110(e)(1), these securities may not be sold, transferred, assigned, pledged or
hypothecated nor may they be the subject of any hedging, short sale, derivative, put or call transaction that would result in the economic
disposition of the securities by any person for a period of 180 days immediately following the commencement of sales of this offering
except to any underwriter and selected dealer participating in the offering and their officers or partners, registered persons or affiliates
or as otherwise permitted under FINRA Rule 5110(e)(2).

Lock-up

Pursuant to the underwriting agreement between us and Clear Street, we have agreed that until the consummation of our initial business combination, we will not issue any ordinary shares or any options or other securities convertible into Class A ordinary shares, or any preference shares or other securities which participate in any manner in the trust account or which vote as a class with the Class A ordinary shares on our initial business combination, other than Class A ordinary shares issued upon conversion of the founder shares in accordance with our amended and restated memorandum and articles of association (provided that such shares will not have any redemptions rights or be entitled to liquidating distributions from the trust account). Notwithstanding