Company: COPL-UN
Filing Date: 2025-02-03
Form Type: S-1/A
Source: 0001829126-25-000620
Chunk: 68

Company: Copley Acquisition Corp
Filing Date: 2025-02-03
Form: S-1/A
Chunk 68
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 more than 10 business days thereafter (and subject to lawfully available funds therefor), redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest (less taxes payable and up to $100,000 of interest to pay dissolution expenses), divided by the number of then issued and outstanding public shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidating distributions, if any); and (3) as promptly as reasonably possible following such redemption, subject to the approval of our remaining shareholders and our board of directors, liquidate and dissolve, subject in each case to our obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law. In such case, our public shareholders may receive only $10.05 per share, or less than $10.05 per share, on the redemption of their shares, and our warrants will expire worthless. See “— If third parties bring claims against us, the proceeds held in the trust account could be reduced and the per-share redemption amount received by shareholders may be less than $10.05 per share” and other risk factors herein.

If we are unable to complete
an initial business combination within the completion window, we may seek an amendment to our amended and restated memorandum and articles
of association to extend the completion window. Amending our amended and restated memorandum and articles of association require a special
resolution of our shareholders as a matter of Cayman Islands law and our amended and restated memorandum and articles of association.
If we seek shareholder approval to extend the completion window, we will offer our public shareholders the right to have their public
shares redeemed for a pro rata share of the aggregate amount then on deposit in the trust account, as described in greater detail in
this prospectus. There are no limitations as to the duration of an extension or the number of times the completion window may be extended
by shareholders via an amendment to our amended and restated memorandum and articles of association.

If we seek shareholder approval of our initial business combination, our sponsor, initial shareholders, directors, officers, advisors or their affiliates may elect to purchase public shares or warrants, which may influence a vote on a proposed business combination and reduce the public “float” of our ordinary shares or public warrants

At any time prior to the general meeting to approve our initial business combination, during a period when they are not then aware of any material nonpublic