Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 280

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 280
---
 through membership units of the sponsor or participate in any decision regarding the
disposal of any security held by the sponsor, or otherwise. There will be no redemption rights or liquidating distributions from the
trust account with respect to the founder shares, placement shares or placement warrants, which will expire worthless if we do not consummate
a business combination within the completion window. The private units and founder shares held by the sponsor are subject to a lock-up as
described in ‘‘Principal Shareholders — Transfers of our Founder Shares and Placement Units.”

The placement units will
be sold in a private placement pursuant to Section 4(a)(2) or Regulation D of the Securities Act and will be exempt from registration
requirements under the federal securities laws. As such, the holders of the placement warrants included in the placement units will be
able to exercise such placement warrants even if, at the time of exercise, an effective registration statement and a current prospectus
relating to the Class A ordinary shares issuable upon exercise of such warrants is not available. The placement warrants comprising part
of the placement units are identical to the warrants sold as part of the units in this offering except that: (1) they will not be redeemable
by us; (2) they (including the Class A ordinary shares issuable upon exercise of these warrants) may not, subject to certain limited
exceptions, be transferred, assigned or sold until 30 days after the completion of our initial business combination, as described below;
(3) they may be exercised by the holders on a cashless basis; and (4) they (including the Class A ordinary shares issuable upon exercise
of these warrants) are entitled to registration rights, as described below.

As
more fully discussed in “Management — Conflicts of Interest,” if any of our officers or directors becomes aware of
a business combination opportunity that falls within the line of business of any entity to which he or she has then-current fiduciary
or contractual obligations, he or she may be required to present such business combination opportunity to such entity prior to presenting
such business combination opportunity to us, subject to his or her fiduciary duties under Cayman Islands law. Our officers and directors
currently have certain relevant fiduciary duties or contractual obligations that may take priority over their duties to us.

Prior
to or in connection with the completion of our initial business combination, there may be payment by the company to any of our sponsor,
officers or directors, or any of their respective