Company: COPL-UN
Filing Date: 2025-02-18
Form Type: S-1/A
Source: 0001829126-25-001063
Chunk: 92

Company: Copley Acquisition Corp
Filing Date: 2025-02-18
Form: S-1/A
Chunk 92
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 combination, blank check companies have, in the recent past, amended various provisions of their charters and modified governing instruments. We cannot assure you that we will not seek to amend our amended and restated memorandum and articles of association or governing instruments in a manner that will make it easier for us to complete our initial business combination that some of our shareholders may not support.

In order to effectuate a business combination, blank check companies have, in the past, amended various provisions of their charters and modified governing instruments. For example, blank check companies have amended the definition of business combination, increased redemption thresholds and extended the period of time in which it had to consummate a business combination. Amending our amended and restated memorandum and articles of association requires a special resolution of our shareholders as a matter of Cayman Islands law. We cannot assure you that we will not seek to amend our amended and restated memorandum and articles of association or other governing instruments or extend the time in which we have to consummate a business combination in order to effectuate our initial business combination.

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Our ability to complete a business combination may be impacted by the fact that our sponsor has substantial ties with non-U.S. persons and our officers and directors are located in Hong Kong or have significant ties to the PRC. This may make us a less attractive partner to potential target companies outside the PRC, thereby limiting our pool of acquisition candidates and making it harder for us to complete an initial business combination with a non-PRC-based target company. For example, we may not be able to complete an initial business combination with a U.S. target company since such initial business combination may be subject to U.S. foreign investment regulations and review by a U.S. government entity, such CFIUS, or ultimately prohibited.

We may not be able to complete an initial business combination with a U.S. target company since such initial business combination may be subject to U.S. foreign investment regulations and review by a U.S. government agency such as CFIUS, or ultimately prohibited. Our sponsor has substantial ties with non-U.S. persons. Tok Li, the manager of our sponsor, is a citizen and resident of Hong Kong. Additionally, our directors and officers, some of whom indirectly own interests in our sponsor, are located in Hong Kong and have significant ties to Hong Kong and, to a lesser degree, the PRC generally. Our sponsor will own approximately 26.2% of our issued and outstanding ordinary shares (including the placement