Company: COPL-UN
Filing Date: 2025-02-03
Form Type: S-1/A
Source: 0001829126-25-000620
Chunk: 99

Company: Copley Acquisition Corp
Filing Date: 2025-02-03
Form: S-1/A
Chunk 99
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 or directors or the non-managing sponsor member, or completing the business combination through a joint venture or other form of shared ownership with our sponsor, officers or directors or the non-managing sponsor member.

In December 2024, our sponsor paid $25,000, or approximately $0.004 per share, to cover certain of our offering and formation costs in exchange for 5,750,000 founder shares. Prior to this initial investment in us by the sponsor, we had no assets, tangible or intangible.

Up to 750,000 of the founder
shares are subject to forfeiture depending on the extent to which the underwriter’s over-allotment option is exercised. Our initial
shareholders will collectively beneficially own 26.6% of our issued and outstanding shares after this offering and the private placement
(assuming they do not purchase any units in this offering). If we increase or decrease the size of this offering, we will effect a share
capitalization or share repurchase or redemption or other appropriate mechanism, as applicable, immediately prior to the consummation
of this offering in such amount as to maintain the number of founder shares at 25% of our issued and outstanding founder shares and public
shares upon the consummation of this offering. Any additional Class B ordinary shares issued to our sponsor through such a share capitalization
would be issued at their nominal par value. The founder shares will be worthless if we do not complete an initial business combination.

In addition, our sponsor has committed to purchase 387,500 placement units (or 426,875 placement units if the over-allotment option is exercised in full), for a purchase price of $3,875,000 (or $4,268,750 if the over-allotment option is exercised in full) in a private placement that will occur simultaneously with the closing of this offering. There will be no redemption rights or liquidating distributions from the trust account with respect to the founder shares, placement shares or placement warrants, which will expire worthless if we do not consummate a business combination within the completion window. Of the 387,500 placement units (or 426,875 placement units if the over-allotment is exercised in full), the non-managing sponsor member has expressed an interest to indirectly purchase, through the purchase of non-managing sponsor membership interests, [ ] of the placement units at a price of $10.00 per unit ($[ ] in the aggregate) in a private placement that will close simultaneously with the closing