Company: COPL-UN
Filing Date: 2025-04-23
Form Type: S-1/A
Source: 0001829126-25-002866
Chunk: 11

Company: Copley Acquisition Corp
Filing Date: 2025-04-23
Form: S-1/A
Chunk 11
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 ordinary shares will have the right to vote on the appointment or removal of any member of the board of directors. On any other matter submitted to a vote of our shareholders, holders of the Class B ordinary shares and holders of the Class A ordinary shares will vote together as a single class, except as required by law. See “Summary — Sponsor Information,” “Summary — The Offering — Founder Shares,” “Summary — The Offering — Founder Shares Conversion and Anti-Dilution Rights” and “Description of Securities — Founder Shares”for further discussion on our sponsor’s and our affiliates’ securities and compensation.

As more fully discussed
in “Management — Conflicts of Interest,” certain of our officers and directors presently has, and any of them
in the future may have, additional fiduciary, contractual or other obligations or duties to one or more other entities pursuant to which
such officer or director is or will be required to present a business combination opportunity to such entities. The low price that our
sponsor, executive officers and directors (directly or indirectly) paid for the founder shares creates an incentive whereby our officers
and directors could potentially make a substantial profit even if we select an acquisition target that subsequently declines in value
and is unprofitable for public shareholders. If we are unable to complete our initial business combination within the completion window,
or by such earlier liquidation date as our board of directors may approve, the founder shares and placement units will expire worthless,
except to the extent they receive liquidating distributions from assets outside the trust account, which could create an incentive for
our sponsor, executive officers and directors to complete a transaction even if we select an acquisition target that subsequently declines
in value and is unprofitable for public shareholders. Further, each of our officers and directors may have a conflict of interest with
respect to evaluating a particular business combination if the retention or resignation of any such officers and directors was included
by a target business as a condition to any agreement with respect to our initial business combination. Upon consummation of this offering,
we will repay up to $525,000 in loans made to us by our sponsor to cover offering-related and organizational expenses. In order to fund
working capital deficiencies, finance transaction costs in connection with an intended initial business combination, or cover the cost
of the extension options available to us under our amended and restated memorandum and articles of association, our sponsor or an affiliate
of our sponsor or certain of our directors and officers may, but are not obligated to, loan us funds as may be