Company: COPL-UN
Filing Date: 2025-04-23
Form Type: S-1/A
Source: 0001829126-25-002866
Chunk: 115

Company: Copley Acquisition Corp
Filing Date: 2025-04-23
Form: S-1/A
Chunk 115
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 arrangement, as to voting of our securities or otherwise, among the non-managing sponsor investors, if such investors all elect to purchase the full amount of our units described herein and so long as they hold a substantial portion of the units purchased, the sponsor and the non-managing sponsor investors would collectively own a significant number of our shares. Further, the non-managing sponsor investors will share in any appreciation of the founder shares through their membership interests in the sponsor if we successfully complete a business combination. Non-managing sponsor investors’ interests in the founder shares may provide them with an incentive to vote any public shares they own in favor of a business combination, and make a substantial profit on such interests, even if the business combination is with a target that ultimately declines in value and is not profitable for other public shareholders. Therefore, in the event that the non-managing sponsor investors purchase the full amount of units described herein, continue to hold the shares included in the units and individually decide to vote such shares in favor of our initial business combination, we would not need any additional public shares sold in this offering to be voted in favor of our initial business combination to have our initial business combination approved.

If the sponsor is unable to obtain the consent of the non-managing sponsor investors to any forfeiture, transfer, exchange or amendment of the terms of founder shares and placement units indirectly held by such non-managing sponsor investors, our ability to complete a business combination may be negatively impacted.

Pursuant to the terms of the sponsor’s operating agreement, the sponsor may not forfeit, transfer, exchange or amend the terms of the founder shares and placement units indirectly held by a non-managing sponsor investor without the consent of such non-managing sponsor investor. In connection with a business combination, we may need to seek the forfeiture, transfer, exchange or amendment of the terms of the founder shares and placement units, some of which are held indirectly by the non-managing sponsor investors, in which case the sponsor will need to obtain the consent of a non-managing sponsor investor prior to forfeiting, transferring, exchanging, or amending the terms of the founder shares and placement units indirectly held by such non-managing sponsor investor. If the sponsor is unable to obtain such consent, our ability to complete a business combination may be negatively impacted.

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The nominal purchase price paid by our sponsor for the founder shares may result in significant dilution to the implied value of your public shares upon the consummation of our initial business combination, and our sponsor