Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 289

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 289
---
 increase the number of ordinary
shares which we are authorized to issue at the same time as our shareholders vote on the business combination to the extent we seek shareholder
approval in connection with our initial business combination.

In accordance with NYSE corporate
governance requirements, we are not required to hold an annual general meeting until no later than one year after our first fiscal year
end following our listing on NYSE. There is no requirement under the Companies Act for us to hold annual or general meetings or appoint
directors. We may not hold an annual general meeting prior to the consummation of our initial business combination.

We will provide our Class A public
shareholders with the opportunity to redeem all or a portion of their public shares upon the completion of our initial business combination,
regardless of whether they vote for or against the proposed business combination or do not vote at all, at a per-share price, payable
in cash, equal to the aggregate amount then on deposit in the trust account as of two business days prior to the consummation of our
initial business combination, including interest (which interest shall be net of taxes payable) divided by the number of then outstanding
public shares, subject to the limitations described herein. The amount in the trust account is initially anticipated to be approximately
$10.05 per public share. The per-share amount we will distribute to investors who properly redeem their shares will not be reduced by
the deferred underwriting commissions we will pay to the underwriter. The redemption rights will include the requirement that a beneficial
owner must identify itself in order to validly redeem its shares. Our sponsor, officers and directors have entered into a letter agreement
with us, pursuant to which they have agreed to waive their redemption rights with respect to their founder shares, placement shares and
public shares in connection with the completion of our initial business combination or certain amendments to our amended and restated
memorandum and articles of association as described elsewhere in this prospectus. Permitted transferees of our initial shareholders,
directors or officers will be subject to the same obligations with respect to their founder shares.

Unlike many blank check companies
that hold shareholder votes and conduct proxy solicitations in conjunction with their initial business combinations and provide for related
redemptions of public shares for cash upon completion of such initial business combinations even when a vote is not required by law,
if a shareholder vote is not required by law and we do not decide to hold a shareholder vote for business or other legal reasons, we
will, pursuant