Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 293

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 293
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 ratably in all assets remaining
available for distribution to them after payment of liabilities and after provision is made for each class of shares, if any, having
preference over the ordinary shares. Our shareholders have no preemptive or other subscription rights. There are no sinking fund provisions
applicable to the ordinary shares, except that we will provide our shareholders with the opportunity to redeem their public shares for
cash equal to their pro rata share of the aggregate amount then on deposit in the trust account, including interest (which interest shall
be net of taxes payable) upon the completion of our initial business combination, subject to the limitations described herein.

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Founder Shares

The founder shares are designated
as Class B ordinary shares and are identical to the Class A ordinary shares included in the units being sold in this offering, and holders
of founder shares have the same shareholder rights as public shareholders, except that (i) holders of the founder shares have the right
to vote on the appointment and removal of directors prior to our initial business combination, (ii) the founder shares are subject to
certain transfer restrictions, as described in more detail below, and (iii) our sponsor, officers and directors have entered into a letter
agreement with us, pursuant to which they have agreed to waive (A) their redemption rights with respect to their founder shares, placement
shares and public shares held by them in connection with a shareholder vote to amend our amended and restated memorandum and articles
of association (1) to modify the substance or timing of our obligation to allow redemption in connection with our initial business combination
or to redeem 100% of our public shares if we do not complete our initial business combination within the completion window or (2) with
respect to any other material provision relating to the rights of holders of Class A ordinary shares or pre-initial business combination
activity; and (C) their rights to liquidating distributions from the trust account with respect to any founder shares they hold if we
fail to complete our initial business combination within the completion window (although they will be entitled to liquidating distributions
from the trust account with respect to any public shares they hold if we fail to complete our initial business combination within the
completion window); (iv) the founder shares will automatically convert into our Class A ordinary shares in connection with the consummation
of our initial business combination, or at any time and from time to time at the option of the holder, on a one-for-one basis