Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 302

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 302
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 Class A ordinary shares. A rights offering made to all
or substantially all holders of Class A ordinary shares entitling holders to purchase Class A ordinary shares at a price less than the
“historical fair market value” (as defined below) will be deemed a share capitalization of a number of Class A ordinary shares
equal to the product of (i) the number of Class A ordinary shares actually sold in such rights offering (or issuable under any other
equity securities sold in such rights offering that are convertible into or exercisable for Class A ordinary shares) multiplied by (ii)
one (1) minus the quotient of (x) the price per Class A ordinary share paid in such rights offering divided by (y) the historical fair
market value. For these purposes (i) if the rights offering is for securities convertible into or exercisable for Class A ordinary shares,
in determining the price payable for Class A ordinary shares, there will be taken into account any consideration received for such rights,
as well as any additional amount payable upon exercise or conversion and (ii) “historical fair market value” means the volume
weighted average price of Class A ordinary shares as reported during the ten (10) trading day period ending on the trading day prior
to the first date on which the Class A ordinary shares trade on the applicable exchange or in the applicable market, regular way, without
the right to receive such rights.

In addition, if we, at any time
while the warrants are outstanding and unexpired, pay a dividend or make a distribution in cash, securities or other assets to all or
substantially all of the holders of the Class A ordinary shares on account of such Class A ordinary shares (or other securities into
which the warrants are convertible), other than (a) as described above, (b) certain ordinary cash dividends/any cash dividends or cash
distributions which, when combined on a per share basis with all other cash dividends and cash distributions paid on the Class A ordinary
shares during the 365-day period ending on the date of declaration of such dividend or distribution does not exceed $0.50 (being 5% of
the offering price of the units in this offering), (c) to satisfy the redemption rights of the holders of Class A ordinary shares in
connection with a proposed initial business combination, (d) to satisfy the redemption rights of the holders of Class A ordinary shares
in connection with a shareholder vote to amend our amended and restated memorandum and articles of association