Company: COPL-UN
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001829126-25-002621
Chunk: 192

Company: Copley Acquisition Corp
Filing Date: 2025-04-14
Form: S-1/A
Chunk 192
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ed amounts but no proceeds from our trust account would be used for such repayment. Such loans may be convertible into Working Capital Units and Extension Units, respectively, at a price of $7.00 per unit at the option of the lender at the time of the business combination. The Working Capital Units and Extension Units would be identical to the placement units sold in the private placement described below. We do not expect to seek loans from parties other than our sponsor or an affiliate of our sponsor as we do not believe third parties will be willing to loan such funds and provide a waiver against any and all rights to seek access to funds in our trust account.

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Our sponsor has committed to purchase an aggregate of 517,143 placement units (or 573,393 if the over-allotment option is exercised in full) for an aggregate purchase price of $3,875,000 (or $4,268,750 if the over-allotment option is exercised in full) in a private placement that will occur simultaneously with the closing of this offering. Of the 517,143 placement units (or 573,393 placement units if the over-allotment is exercised in full), the non-managing sponsor investors have expressed an interest to indirectly purchase, through the purchase of non-managing sponsor membership interests, 85,000 of the placement units (whether or not the over-allotment option is exercised in full) at a price of $10.00 per unit ($850,000 in the aggregate) in a private placement that will close simultaneously with the closing of this offering. Subject to the non-managing sponsor investors purchasing, through the sponsor, the placement units allocated to them in connection with the closing of this offering, the sponsor will issue membership interests at a nominal purchase price ($0.004) to the non-managing sponsor investors reflecting their interest in an aggregate of 1,133,333 founder shares held by the sponsor (whether or not the underwriters’ over-allotment option is exercised in full). The non-managing sponsor investors will have no right to vote the securities that they hold indirectly through their membership interests in the sponsor. There will be no redemption rights or liquidating distributions from the trust account with respect to the founder shares, placement shares or placement warrants, which will expire worthless if we do not consummate a business combination within the completion window. Each whole placement warrant entitles the holder to purchase one Class A ordinary share at $11.50 per share. The placement units