Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 232

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 232
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 public shares after this offering, they will be entitled to liquidating distributions from the trust account
with respect to such public shares if we fail to complete our initial business combination within the completion window. Clear Street
will have the same redemption rights as a public shareholder with respect to any public shares they acquire.

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Our sponsor, officers and directors
have agreed, pursuant to a written letter agreement with us, that they will not propose any amendment to our amended and restated memorandum
and articles of association that would (i) modify the substance or timing of our obligation to allow redemption 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 (ii) with respect to the other material provisions relating to the rights of holders of Class A ordinary shares
or pre-business combination activity, unless we provide our public shareholders with the opportunity to redeem their Class A ordinary
shares upon approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the
trust account, including interest (which interest shall be net of taxes payable) divided by the number of then outstanding public shares.
If this optional redemption right is exercised with respect to an excessive number of public shares such that we cannot satisfy any applicable
net tangible asset requirement (described above), we may determine not to proceed with the amendment or the related redemption of our
public shares.

We expect that all costs and
expenses associated with implementing our plan of dissolution, as well as payments to any creditors, will be funded from amounts remaining
out of the $650,000 of proceeds held outside the trust account, although we cannot assure you that there will be sufficient funds for
such purpose. However, if those funds are not sufficient to cover the costs and expenses associated with implementing our plan of dissolution,
to the extent that there is any interest accrued in the trust account not required to pay taxes, we may request the trustee to release
to us an additional amount of up to $100,000 of such accrued interest to pay those costs and expenses.

If we were to expend all of the
net proceeds of this offering and the sale of the placement units, other than the proceeds deposited in the trust account, and without
taking into account interest, if any, earned on the trust account, the per-share redemption amount received by public shareholders upon
our dissolution would be approximately $10.05. The proceeds