Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 299

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 299
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 Section 3(a)(9) of the Securities Act or another exemption. Notwithstanding the above, if our Class
A ordinary shares are at any time of any exercise of a warrant not listed on a national securities exchange such that they satisfy the
definition of a “covered security” under Section 18(b)(1) of the Securities Act, we may, at our option, require holders
of public warrants who exercise their warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of
the Securities Act and, in the event we so elect, we will not be required to file or maintain in effect a registration statement, and
in the event we do not so elect, we will use our commercially reasonable efforts to register or qualify the shares under applicable blue
sky laws to the extent an exemption is not available.

<div align='center'>183</div>

In the event of a cashless exercise
pursuant to the preceding paragraph, each holder would pay the exercise price by surrendering the public warrants for that number of
Class A ordinary shares equal to the quotient obtained by dividing (x) the product of the number of Class A ordinary shares underlying
the warrants, multiplied by the excess of the “fair market value” (defined below) less the exercise price of the warrants
by (y) the fair market value. The “fair market value” as used in the preceding sentence shall mean the volume weighted average
price of the Class A ordinary shares for the 10 trading days ending on the trading day prior to the date on which the notice of exercise
is received by the warrant agent.

Redemption of warrants for cash when the price per Class A ordinary share equals or exceeds $18.00. Once the warrants become exercisable, we may call the warrants
for redemption:

| ● | in whole and not in part; |

| ● | at a price of $0.01 per warrant; |

| ● | upon not less than 30 days’ prior written notice of 
 redemption to each warrant holder; and              |

| ● | if, and only if, the closing price of the Class A ordinary                                                                                 
 shares equals or exceeds $18.00 per share (as adjusted for share sub-divisions, share capitalizations, reorganizations, recapitalizations  
 and the like and for certain issuances of Class A ordinary shares and equity-linked securities for capital raising purposes in connection  
 with the closing of our initial business combination as described elsewhere in this prospectus