Company: COPL-UN
Filing Date: 2025-04-23
Form Type: S-1/A
Source: 0001829126-25-002866
Chunk: 274

Company: Copley Acquisition Corp
Filing Date: 2025-04-23
Form: S-1/A
Chunk 274
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 such transfers are not prohibited. See “Risk Factors — Risks Relating to our Sponsor and Management Team — The ownership interest of our sponsor may change, and our sponsor may divest its ownership interest in us before identifying a business combination, which could deprive us of key personnel and advisors.”

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 (in the case of the founder shares, only after conversion to our Class A ordinary shares) pursuant to a registration rights agreement to be signed prior to or on the effective date of this offering. These holders will be entitled to make up to three demands, excluding short form registration demands, that we register such securities for sale under the Securities Act. In addition, these holders will have “piggy-back” registration rights to include such securities in other registration statements filed by us and rights to require us to register for resale such securities pursuant to Rule 415 under the Securities Act. However, the registration rights agreement provides that we will not be required to effect or permit any registration or cause any registration statement to become effective until termination of the applicable lock-up period as described under “Principal Shareholders — Transfers of Founder Shares and Placement Units.” We will bear the expenses incurred in connection with the filing of any such registration statements.

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CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS</div>

In December 2024,
our sponsor paid certain offering costs aggregating $25,000 in exchange for 5,750,000 founder shares. Up to 750,000 of the founder shares
are subject to forfeiture depending on the extent to which the underwriter’s over-allotment option is exercised. The purchase price
of the founder shares was determined by dividing the amount of cash contributed to the company by the number of founder shares issued.
The number of founder shares was determined based on the expectation that the founder shares would represent 25% of the aggregate of
our issued and outstanding founder shares and public shares after this offering. As such, our sponsor will own approximately 26.6% of
our issued and outstanding ordinary shares after this offering (including the placement shares comprising part of the placement units
and assuming it does not purchase units in this offering). If we increase or decrease the size of this