Company: COPL-UN
Filing Date: 2025-02-18
Form Type: S-1/A
Source: 0001829126-25-001063
Chunk: 196

Company: Copley Acquisition Corp
Filing Date: 2025-02-18
Form: S-1/A
Chunk 196
---
mation of our initial business combination. Accordingly, our flexibility in structuring an initial business combination may be constrained by our ability to arrange third-party financing, if required. |

| ● | Status as a Public Company. We believe our structure will make us an attractive business combination partner to prospective target businesses. As an existing public company, we will offer a target business an alternative to the traditional initial public offering through a merger or other business combination with us. In this situation, the owners of the target business would exchange their shares of stock, shares or other equity interests in the target business for our shares. Once public, we believe the target business would have greater access to capital and additional means of creating management incentives that are better aligned with shareholders’ interests than it would as a private company. We believe that being a public company can also augment a company’s profile among potential new customers and vendors and aid it in attracting and retaining talented employees. |

Sponsor Information

Our sponsor is a Delaware limited liability company, which was formed to invest in our company. Although our sponsor is permitted to undertake any activities permitted under the Delaware Limited Liability Company Act and other applicable law, our sponsor’s business is focused on investing in our company. Tok Li is the sole manager of our sponsor and holds voting and investment discretion with respect to the ordinary shares held of record by the sponsor. Some of our officers and directors have indirect ownership interests in our sponsor. Messrs. Ng, Tang, Zhang, Chu and Guan each independently own [ ]% of a holding vehicle which directly owns [ ]% of the interests in our sponsor. In addition, our independent directors will receive for their services as a director an indirect interest in the founder shares through membership interests in our sponsor. Other than the sponsor managers and our management team, none of the other members (including the non-managing sponsor member) or indirect owners of our sponsor will participate in our company’s activities.

Other than such persons and the non-managing sponsor member (as set forth below) no other person will have a direct or indirect material interest in our sponsor. Other than our management team, none of the other members of our sponsor (including the non-managing sponsor member) will participate in the management of our company. Each such party’s membership interests in our sponsor tracks our underlying securities on a 1:1 basis.

Additionally, subject to the non-managing sponsor member purchasing, through the sponsor, the placement units allocated to it simultaneously with the closing of this offering, the sponsor will issue membership interests at a