Company: COPL-UN
Filing Date: 2025-02-18
Form Type: S-1/A
Source: 0001829126-25-001063
Chunk: 271

Company: Copley Acquisition Corp
Filing Date: 2025-02-18
Form: S-1/A
Chunk 271
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 disinterested directors, have obtained an opinion from an independent entity that commonly renders valuation opinions, that our initial business combination is fair to our company from a financial point of view.

We are not prohibited from paying any fees (including advisory fees), reimbursements or other cash payments to any of our sponsor, officers or directors, or any of their respective affiliates, for services rendered to us prior to or in connection with the completion of our initial business combination, including the following payments, all of which, if made prior to the completion of our initial business combination, will be paid from funds held outside the trust account:

| ● | repayment of up to an aggregate of up to $700,000 in loans made to us by our sponsor to cover offering-related and organizational expenses; |

| ● | reimbursement for any out-of-pocket expenses related to identifying, investigating and completing an initial business combination; |

| ● | at the closing of our initial business combination, at the option of our board of directors, a customary advisory fee, finder’s fee and/or success fee, to a person or entity associated with certain of our officers and directors, in an amount that constitutes a market standard fee for comparable transactions and services provided (the fees of which are not currently estimable and have no established limits); and |

| ● | repayment of loans made by our sponsor or an affiliate of our sponsor or certain of our officers and directors to finance working capital deficiencies, finance transaction costs in connection with an intended initial business combination, and cover the cost of the extension options. Such loans may be convertible into units at a price of $10.00 per unit at the option of the lender at the time of the business combination. |

Our audit committee will review on a quarterly basis all payments that were made to our sponsor, officers or directors, or any of their controlled affiliates, including any advisory fees payable to affiliates of our sponsor at the closing of the initial business combination.

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DESCRIPTION OF SECURITIES</div>

We are a Cayman Islands exempted company with limited liability (company number 416054) and our affairs are governed by our amended and restated memorandum and articles of association, the Companies Act and common law of the Cayman Islands. Pursuant to our amended and restated memorandum and articles of association which will be adopted upon the consummation of this offering, we will be authorized to issue 150,000,000 Class A ordinary shares, $0.0001 par value each, 15,000,000 Class B