Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 288

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 288
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 our initial business combination, only
holders of our founder shares will have the right to vote on the appointment or removal of directors. Holders of our public shares will
not be entitled to vote on the appointment or removal of directors during such time, unless there are no longer any Class B ordinary
shares outstanding. In addition, prior to our initial business combination, holders of a majority of our founder shares may remove a
member of the board of directors for any reason. These provisions of our amended and restated memorandum and articles of association
may only be amended by a special resolution passed by the affirmative vote of at least 90% (or, where such amendment is proposed in respect
of the consummation of our initial business combination, two-thirds) of the votes cast by such shareholders as, being entitled to do
so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the company, or a resolution approved
in writing by all of the holders of the issued shares entitled to vote on such matter. Unless specified in the Companies Act, our amended
and restated memorandum and articles of association or applicable stock exchange rules, an ordinary resolution is required to approve
any such matter voted on by our shareholders (other than the appointment or removal of directors prior to our initial business combination),
and, prior to our initial business combination, the affirmative vote of a majority of our founder shares is required to approve the appointment
or removal of directors. Approval of certain actions will require a special resolution under Cayman Islands law and pursuant to our amended
and restated memorandum and articles of association; such actions include amending our amended and restated memorandum and articles of
association and approving a statutory merger or consolidation with another company. There is no cumulative voting with respect to the
appointment or removal of directors, with the result that the holders of more than 50% of the founder shares voted for the appointment
or removal of directors can appoint all of the directors, and remove any directors, prior to our initial business combination. Our shareholders
are entitled to receive ratable dividends when, as and if declared by the board of directors out of funds legally available therefor.

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Because our amended and restated
memorandum and articles of association authorize the issuance of up to 150,000,000 Class A ordinary shares, if we were to enter into
a business combination, we may (depending on the terms of such a business combination) be required to