Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 11

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 11
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 provisions relating
to the rights of holders of Class A ordinary shares or pre-business combination activity; provided that such conversion of founder shares
will never occur on a less than one-for-one basis. Prior to our initial business combination, holders of the Class B ordinary shares
will have the right to appoint all of our directors and may remove members of the board of directors for any reason. In the event that
there are no longer any Class B ordinary shares outstanding prior to our initial business combination, holders of Class A 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.