Company: COPL-UN
Filing Date: 2025-04-23
Form Type: S-1/A
Source: 0001829126-25-002866
Chunk: 194

Company: Copley Acquisition Corp
Filing Date: 2025-04-23
Form: S-1/A
Chunk 194
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 and our amended and restated memorandum and articles of association.

We have 18 months from the closing of this offering (which can be extended two times, each by an additional three months, for a total completion window of up to 24 months), to consummate our initial business combination. Pursuant to our amended and restated memorandum and articles of association, in order to avail ourselves to each individual three-month extension, we must deposit, or cause to be deposited, into the trust account funds equal to the product of (x) $0.10 and (y) the number of public shares then issued and outstanding. If we anticipate that we may not be able to consummate our initial business combination within such completion window, we may seek shareholder approval of amendments to our amended and restated memorandum and articles of association for any extension beyond the completion window at a general meeting called for such purpose. Public shareholders will be offered the opportunity to vote on and redeem their public shares in connection with any such amendment to our amended and restated memorandum and articles of association. As described herein, our sponsor, officers and directors have agreed that they will not propose any such amendment unless we provide our public shareholders with the opportunity to redeem their public shares upon approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the trust account (less taxes payable), divided by the number of then-outstanding public shares, subject to the limitations described herein.

If we are unable to consummate an initial business combination within 18 months from the closing of this offering (which can be extended two times, each by an additional three months, for a total completion window of up to 24 months), and do not hold a shareholder vote to amend our amended and restated memorandum and articles of association to extend the amount of time we will have to consummate an initial business combination, or by such earlier liquidation date as our board of directors may approve, we will redeem 100% of our issued and outstanding public shares for a pro rata portion of the funds held in the trust account, equal to the aggregate amount then on deposit in the trust account including interest earned on the funds held in the trust account (less taxes payable and up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding public shares, subject to applicable law and as further described herein, and then seek to liquidate and dissolve. We expect the pro r