Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 190

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 190
---
 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, and their underlying placement shares and placement warrants, are subject to transfer restrictions.
See “Principal Shareholders — Transfers of Founder Shares and Placement Units.” Holders of placement units (and underlying
securities) or their permitted transferees have the right to require us to register the placement units for resale as described in “Principal
Shareholders — Registration Rights.” We will bear the costs and expenses of filing any such registration statements.

The placement warrants comprising
part of the placement units are identical to the warrants sold as part of the units in this offering except that: (1) they will not be
redeemable by us; (2) they (including the Class A ordinary shares issuable upon exercise of these warrants) may not, subject to certain
limited exceptions, be transferred, assigned or sold until 30 days after the completion of our initial business combination, as described
below; (3) they may be exercised by the holders on a cashless basis; and (4) they (including the Class A ordinary shares issuable upon
exercise of these warrants) are entitled to registration rights, as described below.

Pursuant to a registration rights
agreement we will enter into with our initial holders and holders of placement units prior to the closing of this offering, we may be
required to register certain securities for sale under the Securities Act. These holders, and holders of units issued upon conversion
of working capital loans and extension loans, if any, are entitled under the registration rights agreement to make up to three demands
that we register certain of our securities held by them for sale under the Securities Act and to have the securities covered thereby
registered for resale pursuant to Rule 415 under the Securities Act. In addition, these holders have the right to include their
securities in other registration statements filed by us. However, the registration rights agreement provides that we will not be required
to effect or permit any registration or cause any registration statement to become effective until the securities covered thereby are
released from their lock-up restrictions, as described