Company: COPL-UN
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001829126-25-002621
Chunk: 350

Company: Copley Acquisition Corp
Filing Date: 2025-04-14
Form: S-1/A
Chunk 350
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. Pursuant to FINRA Rule 5110(e)(1), these securities may not be sold, transferred, assigned, pledged or hypothecated nor may they be the subject of any hedging, short sale, derivative, put or call transaction that would result in the economic disposition of the securities by any person for a period of 180 days immediately following the commencement of sales of this offering except to any underwriter and selected dealer participating in the offering and their officers or partners, registered persons or affiliates or as otherwise permitted under FINRA Rule 5110(e)(2).

Lock-up

Pursuant to the underwriting agreement between us and Clear Street, we have agreed that until the consummation of our initial business combination, we will not issue any ordinary shares or any options or other securities convertible into Class A ordinary shares, or any preference shares or other securities which participate in any manner in the trust account or which vote as a class with the Class A ordinary shares on our initial business combination, other than Class A ordinary shares issued upon conversion of the founder shares in accordance with our amended and restated memorandum and articles of association (provided that such shares will not have any redemptions rights or be entitled to liquidating distributions from the trust account). Notwithstanding the foregoing, we may (1) issue and sell the placement units; (2) issue and sell the additional units to cover our underwriter’s over-allotment option (if any); (3) register with the SEC pursuant to an agreement to be entered into concurrently with the issuance and sale of the securities in this offering, the resale of the placement shares and the placement warrants and the Class A ordinary shares issuable upon exercise of the placement warrants and the founder shares; and (4) issue securities in connection with our initial business combination.

In addition, pursuant to the letter agreement to be entered into by and between us, our sponsor and our directors and officers, the sponsor and our directors and officers have agreed that, for a period of 180 days after the date of this prospectus, they will not, without the prior written consent of Clear Street, offer, sell, contract to sell, pledge or otherwise transfer or dispose of, directly or indirectly, any units, warrants, ordinary shares or any other securities convertible into, or exercisable, or exchangeable for, ordinary shares. However, the foregoing shall not apply to the forfeiture of any founder shares pursuant to their terms or any transfer of founder shares to any current or future independent director of the company (as long