Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 298

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 298
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 the registered holder of the warrants. In the event that the conditions
in the two immediately preceding sentences are not satisfied with respect to a warrant, the holder of such warrant will not be entitled
to exercise such warrant and such warrant may have no value and expire worthless. In no event will we be required to net cash to settle
any warrant. In the event that a registration statement is not effective for the exercised warrants, the purchaser of a unit containing
such warrant will have paid the full purchase price for the unit solely for the Class A ordinary share underlying such unit.

We are registering the Class A
ordinary shares issuable upon exercise of the warrants in the registration statement of which this prospectus forms a part because the
warrants will become exercisable 30 days after the completion of our initial business combination, which may be within one year
of this offering. However, because the warrants will be exercisable until their expiration date of up to five years after the completion
of our initial business combination, in order to comply with the requirements of Section 10(a)(3) of the Securities Act following
the consummation of our initial business combination we have agreed that, as soon as practicable, but in no event later than 30 business
days, after the closing of our initial business combination, we will use our commercially reasonable efforts to file with the SEC a post-effective
amendment to the registration statement of which this prospectus forms a part or a new registration statement covering the registration,
under the Securities Act, of the Class A ordinary shares issuable upon exercise of the warrants, and thereafter will use our commercially
reasonable efforts to cause the same to become effective within 90 business days following our initial business combination and to maintain
the effectiveness of such post-effective amendment or registration statement, and a current prospectus relating to the Class A ordinary
shares issuable upon exercise of the warrants, until the expiration of the warrants in accordance with the provisions of the warrant
agreement.

If a registration statement covering
the Class A ordinary shares issuable upon exercise of the public warrants is not effective by the ninetieth (90) business
day after the closing of our initial business combination, warrant holders may, beginning on the ninety-first (91) business
day after the closing of our initial business combination and until such time as there is an effective registration statement and, during
any period when we will have failed to maintain an effective registration statement, exercise the public warrants on a “cashless
basis” in accordance with