Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 236

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 236
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 be able to return $10.05 per share to our public shareholders. Additionally, if we file
a bankruptcy or winding-up petition or an involuntary bankruptcy or winding-up petition is filed against us that is not dismissed, any
distributions received by shareholders could be viewed under applicable debtor/creditor and/or bankruptcy or insolvency laws as either
a “preferential transfer” or a “fraudulent conveyance.” As a result, a bankruptcy or insolvency court could seek
to recover all amounts received by our shareholders. Furthermore, our board may be viewed as having breached its fiduciary duty to our
creditors and/or may have acted in bad faith, and thereby exposing itself and our company to claims of punitive damages, by paying public
shareholders from the trust account prior to addressing the claims of creditors. We cannot assure you that claims will not be brought
against us for these reasons.

Our public shareholders will
be entitled to receive funds from the trust account only upon the earlier of (i) the completion of our initial business combination,
(ii) the redemption of any public shares properly tendered in connection with a shareholder vote to amend our amended and restated memorandum
and articles of association (A) to 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 (B) with respect to any other material provisions relating to the rights of holders of Class A ordinary shares or pre-business
combination activity and (iii) the redemption of all of our public shares if we are unable to complete our initial business combination
within the completion window, subject to applicable law. In no other circumstances will a shareholder have any right or interest of any
kind to or in the trust account. In the event we seek shareholder approval in connection with our initial business combination, a public
shareholder’s voting in connection with the business combination alone will not result in a public shareholder’s redeeming
its shares to us for an applicable pro rata share of the trust account. Such shareholder must have also exercised its redemption rights
described above.

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Amended and Restated Memorandum and Articles of Association

Our amended and restated memorandum
and articles of association will contain certain requirements and restrictions relating to this offering that will apply to us until
the consummation of our initial business combination. Our amended and restated memorandum and articles