Company: COPL-UN
Filing Date: 2025-04-23
Form Type: S-1/A
Source: 0001829126-25-002866
Chunk: 40

Company: Copley Acquisition Corp
Filing Date: 2025-04-23
Form: S-1/A
Chunk 40
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 or officer in their capacity as a director or officer of the company and the opportunity is one the company is legally and contractually permitted to undertake and would otherwise be reasonable for the company to pursue or (b) the presentation of which would breach an existing legal obligation of a director or officer to any other entity. We do not believe, however, that any fiduciary duties or contractual obligations of our directors or officers would materially undermine our ability to complete our business combination.

In addition, our sponsor, officers and directors may participate in the formation of, or become an officer or director of, any other blank check company prior to completion of our initial business combination. As a result, our sponsor, officers or directors could have conflicts of interest in determining whether to present business combination opportunities to us or to any other blank check company with which they may become involved. Although we have no formal policy in place for vetting potential conflicts of interest, our board of directors will review any potential conflicts of interest on a case-by-case basis.

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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 the 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 20% of a holding vehicle which, through our sponsor, indirectly owns 432,143 of the placement units (or up to 488,393 to the extent the underwriters exercise their over-allotment option in full) and 4,100,000 of the founder shares (or up to 4,850,000 to the extent the underwriters exercise their over-allotment option in full). In addition, our independent directors may receive for their services as a director an indirect interest in the founder shares and/or placement units through membership interests in our sponsor. Other than the sponsor manager and our management team, none of the other members or indirect owners of our sponsor (including the non-managing sponsor investors) will participate in our company’s activities. Other than such persons and the non-managing sponsor investors (as set forth below) no other person will have a direct or indirect material interest in our sponsor