Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 242

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 242
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 subject to his or her fiduciary duties under Cayman Islands law and any
other applicable fiduciary duties. Our amended and restated memorandum and articles of association provide that, to the fullest extent
permitted by applicable law: (i) no individual serving as a director or an officer shall have any duty, except and to the extent expressly
assumed by contract, to refrain from engaging directly or indirectly in the same or similar business activities or lines of business
as us; and (ii) we renounce any interest or expectancy in, or in being offered an opportunity to participate in, any potential transaction
or matter which (a) may be a corporate opportunity for any director or officer, on the one hand, and us, on the other unless such opportunity
is expressly offered to such director or officer in their capacity as a director or officer of the company and the opportunity is one
the company is legally and contractually permitted to undertake and would otherwise be reasonable for the company to pursue or (b) the
presentation of which would breach an existing legal obligation of a director or officer to any other entity. For more information, see
the section entitled “Management — Conflicts of Interest.”

In addition, members of our management
team and our board of directors will directly or indirectly own founder shares and/or placement units following this offering, as set
forth in “Principal Shareholders,” and, accordingly, may have a conflict of interest in determining whether a particular
target business is an appropriate business with which to effectuate our initial business combination.

Our directors and officers presently
have, and any of them in the future may have, additional, fiduciary or contractual obligations to other entities pursuant to which such
officer or director is or will be required to present a business combination opportunity to such entity. Accordingly, if any of our directors
or officers becomes aware of a business combination opportunity that is suitable for an entity to which he or she has then-current fiduciary
or contractual obligations, he or she may need to honor these fiduciary or contractual obligations to present such business combination
opportunity to such entity, or in the case of a non-compete restriction, may not present such opportunity to us at all, subject to his
or her fiduciary duties under Cayman Islands law. See “Risk Factors — Risks Relating to our Sponsor and Management Team —
Our officers and directors have pre-existing fiduciary and contractual obligations and accordingly, may have conflicts of interest in
d