Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 324

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 324
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 period only a number of securities that does not exceed the greater of:

| ● | 1% of the total number of Class A ordinary shares                                                                                           
 then outstanding, which will equal 156,671 shares immediately after this offering and the private placement (or 179,959 if the underwriters 
 exercise their over-allotment option in full), on an as converted basis; or                                                                 |

| ● | the average weekly reported trading volume of the Class A                                                             
 ordinary shares during the four calendar weeks preceding the filing of a notice on Form 144 with respect to the sale. |

Sales by our affiliates under
Rule 144 are also limited by manner of sale provisions and notice requirements and to the availability of current public information
about us.

Restrictions on the Use of Rule 144 by Shell Companies or Former Shell Companies

Rule 144 is not available
for the resale of securities initially issued by shell companies (other than business combination related shell companies) or issuers
that have been at any time previously a shell company. However, Rule 144 also includes an important exception to this prohibition
if the following conditions are met:

| ● | the issuer of the securities that was formerly a shell company 
 has ceased to be a shell company;                              |

| ● | the issuer of the securities is subject to the reporting requirements 
 of Section 13 or 15(d) of the Exchange Act;                           |

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| ● | the issuer of the securities has filed all Exchange Act reports                                                                       
 and material required to be filed, as applicable, during the preceding 12 months (or such shorter period that the issuer was required 
 to file such reports and materials), other than Current Reports on Form 8-K; and                                                      |

| ● | at least one year has elapsed from the time that the issuer                                                         
 filed current Form 10 type information with the SEC reflecting its status as an entity that is not a shell company. |

As a result, our sponsor and
purchasers of placement units will be able to sell their founder shares, placement shares and placement warrants pursuant to Rule 144
without registration one year after we have completed our initial business combination.

Registration Rights

The holders of the founder
shares, placement units (including securities contained therein), Working Capital Units (including securities contained therein) and
Extension Units (including securities contained therein), and their permitted transferees, will have registration rights to require us
to register a sale of any of our securities held by them (