Company: COPL-UN
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001829126-25-002621
Chunk: 4

Company: Copley Acquisition Corp
Filing Date: 2025-04-14
Form: S-1/A
Chunk 4
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 Class B ordinary shares, which we refer to as “founder shares” as further described herein. Three institutional accredited investors and one individual accredited investor (none of which are affiliated with any member of our management, other members of our sponsor or any other investor), which we refer to collectively as the “non-managing sponsor investors” throughout this prospectus, have expressed an interest to indirectly purchase, through the purchase of non-managing sponsor membership interests, 85,000 of the placement units (whether or not the over-allotment option is exercised in full) at a price of $10.00 per unit ($850,000 in the aggregate) in a private placement that will close simultaneously with the closing of this offering. Subject to each non-managing sponsor investor purchasing, through the sponsor, the placement units allocated to it simultaneously with the closing of this offering, the sponsor will issue membership interests at a nominal purchase price ($0.004) to the non-managing sponsor investors reflecting interests in an aggregate of 1,133,333 founder shares held by the sponsor (whether or not the underwriter’s over-allotment option is exercised in full). Due to such nominal purchase price, the non-managing sponsor investors will have the potential to realize enhanced economic returns from their investment as compared to other investors in the offering. Pursuant to the terms of the sponsor’s operating agreement, the sponsor may not forfeit, transfer, exchange or amend the terms of the founder shares and placement units indirectly held by a non-managing sponsor investor without the consent of such non-managing sponsor investor. In connection with a business combination, we may need to seek the forfeiture, transfer, exchange or amendment of the terms of the founder shares and placement units, some of which are held indirectly by the non-managing sponsor investors, in which case the sponsor will need to obtain the consent of each non-managing sponsor investor prior to forfeiting, transferring, exchanging, or amending the terms of the founder shares and placement units indirectly held by such non-managing sponsor investor. If the sponsor is unable to obtain such consent, our ability to complete a business combination may be negatively impacted. Under no circumstances will we issue more than an aggregate of 573,393 placement units in this offering. As a result, the number of placement units purchased by the non-managing sponsor investors through the sponsor, if any, will proportionally reduce the number of placement units that would otherwise be purchased by the managing member of the sponsor through the sponsor. The non-managing sponsor investors