Company: COPL-UN
Filing Date: 2025-02-03
Form Type: S-1/A
Source: 0001829126-25-000620
Chunk: 188

Company: Copley Acquisition Corp
Filing Date: 2025-02-03
Form: S-1/A
Chunk 188
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 our sponsor. The non-managing sponsor member will have no right to vote the founder shares that it holds indirectly through its Class A membership interests in the sponsor. |
| (2) | 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 purchase, indirectly through the purchase of non-managing membership interests, [ ] of the placement units ($[ ] in the aggregate) at a price of $10.00 per unit (whether or not the over-allotment option is exercised in full) in a private placement that will close simultaneously with the closing of this offering. The non-managing sponsor member will have no right to vote the placement units or securities comprising the placement units that it holds indirectly through its membership interests in the sponsor.                                    |

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Because our sponsor acquired the founder shares at a nominal price, our public shareholders will incur immediate and substantial dilution upon the closing of this offering, assuming no value is ascribed to the warrants included in the units. Further, the Class A ordinary shares issuable in connection with the conversion of the founder shares may result in material dilution to our public shareholders due to the anti-dilution rights of our founder shares that may result in an issuance of Class A ordinary shares on a greater than one-to-one basis upon conversion. See the sections titled “Risk Factors — Risks Relating to our Sponsor and Management Team — The nominal purchase price paid by our sponsor for the founder shares may result in significant dilution to the implied value of your public shares upon the consummation of our initial business combination, and our sponsor is likely to make a substantial profit on its investment in us in the event we consummate an initial business combination, even if the business combination causes the trading price of our ordinary shares to materially decline” on page 67 and “Dilution” on page 103.

The founder shares will automatically
convert into Class A ordinary shares in connection with the consummation of our initial business combination or earlier at the option
of the holder on a one-for-one basis, subject to adjustment for share sub-divisions, share capitalizations, reorganizations, recapitalizations
and the like, and subject to further adjustment as provided herein. In the case that additional Class A ordinary shares, or equity-linked
securities, are issued or deemed issued in excess of the amounts sold in this offering and related to