Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 308

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 308
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ers and Similar Arrangements.
In certain circumstances, the Companies Act allows for mergers or consolidations between two Cayman Islands companies, or between a Cayman
Islands company and a company incorporated in another jurisdiction (provided that is facilitated by the laws of that other jurisdiction).

Where the merger or consolidation
is between two Cayman Islands companies, the directors of each company must approve a written plan of merger or consolidation containing
certain prescribed information. That plan or merger or consolidation must then be authorized by (i) a special resolution of the shareholders
of each company; and (ii) such other authorization, if any, as may be specified in such constituent company’s articles of association.
No shareholder resolution is required for a merger between a parent company (i.e., a company that holds issued shares that together represent
90% of the votes at a general meeting of the subsidiary company) and its subsidiary company, if a copy of the plan of merger is given
to every member of each subsidiary company to be merged unless that member agrees otherwise. The consent of each holder of a fixed or
floating security interest of a constituent company must be obtained, unless the court waives such requirement. If the Cayman Islands
Registrar of Companies is satisfied that the requirements of the Companies Act (which includes certain other formalities) have been complied
with, the Registrar of Companies will register the plan of merger or consolidation.

Where the merger or consolidation
involves a foreign company, the procedure is similar, save that with respect to the foreign company, the directors of the Cayman Islands
company are also required to make a declaration to the effect that, having made due enquiry, they are of the opinion that certain requirements
have been met, including the following requirements: (i) that the merger or consolidation is permitted or not prohibited by the constitutional
documents of the foreign company and by the laws of the jurisdiction in which the foreign company is incorporated, and that those laws
and any requirements of those constitutional documents have been or will be complied with; (ii) that no petition or other similar proceeding
has been filed and remains outstanding or order made or resolution adopted to wind up or liquidate the foreign company in any applicable
jurisdictions; (iii) that no receiver, trustee, administrator or other similar person has been appointed in any jurisdiction and is acting
in respect of the foreign company, its affairs or its property or any part thereof; (iv) that no scheme, order, compromise or other similar
arrangement