Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 61

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 61
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 initial business combination in the            
 event we distribute proxy materials, or to deliver their shares to the transfer agent electronically. We believe that this will allow       
 our transfer agent to efficiently process any redemptions without the need for further communication or action from the redeeming           
 public shareholders, which could delay redemptions and result in additional administrative cost. If the proposed initial business           
 combination is not approved and we continue to search for a target company, we will promptly return any certificates delivered, or          
 shares tendered electronically, by public shareholders who elected to redeem their shares.                                                  |
| Limitation                                                                                                                 
 on redemption rights of shareholders holding more than 15% of the shares sold in this offering if we hold shareholder vote |     | Notwithstanding the foregoing redemption                                                                                                    
 rights, if we seek shareholder approval of our initial business combination and we do not conduct redemptions in connection with            
 our initial business combination pursuant to the tender offer rules, our amended and restated memorandum and articles of association        
 provide that a public shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder           
 is acting in concert or as a “group” (as defined under Section 13 of the Exchange Act), will be restricted from                             
 exercising redemption rights with respect to more than an aggregate of 15% of the shares sold in this offering. We believe the restriction  
 described above will discourage shareholders from accumulating large blocks of shares, and subsequent attempts by such holders to           
 use their ability to redeem their shares as a means to force us or our sponsor or its affiliates to purchase their shares at a significant  
 premium to the then-current market price or on other undesirable terms. Absent this provision, a public shareholder holding more            
 than an aggregate of 15% of the shares sold in this offering could threaten to exercise its redemption rights against a business            
 combination if such holder’s shares are not purchased by us or our sponsor or its affiliates at a premium to the then-current               
 market price or on other undesirable terms. By limiting our shareholders’ ability to redeem to no more than 15% of the shares               
 sold in this offering, we believe we will limit the ability of a small group of shareholders to unreasonably attempt to block our           
 ability to complete our initial business combination, particularly in connection with a business combination with a target that requires    
 as a closing condition that we have a minimum net worth or a certain amount of cash. However, we would not be restricting our shareholders’ 
 ability to vote all of their shares (including all