Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 286

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 286
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balance sheet reflecting our receipt of the gross proceeds at the closing of this offering, including, if the underwriters exercise the
over-allotment option simultaneously with the initial closing, the proceeds of the over-allotment. We will file a Current Report on Form
8-K promptly after the closing of this offering which will include this audited balance sheet, which is anticipated to take place three
business days after the date of this prospectus. If the underwriter’s over-allotment option is exercised following the initial
filing of such Current Report on Form 8-K, a second or amended Current Report on Form 8-K will be filed to provide updated financial
information to reflect the exercise of the underwriter’s over-allotment option.

Placement Units

The placement units (including
the placement shares, the placement warrants and Class A ordinary shares issuable upon exercise of such warrants) will not be transferable
or salable until 30 days after the completion of our initial business combination (except, among other limited exceptions as described
under “Principal Shareholders — Transfers of Founder Shares and Placement Units,” to our officers and directors and
other persons or entities affiliated with our sponsor). Holders of our placement units are entitled to certain registration rights. The
placement warrants comprising part of the placement units will not be redeemable by us and may be exercised on a cashless basis. If we
do not consummate an initial business combination within the completion window, the proceeds from the sale of the private placement held
in the trust account will be used to fund the redemption of our public shares (subject to the requirements of applicable law) and the
placement units (and the underlying securities) will expire worthless. Further, if we seek shareholder approval, we will complete our
initial business combination only if we obtain the approval of an ordinary resolution under Cayman Islands law and our amended and restated
memorandum and articles of association. In such case, our sponsor and each member of our management team have agreed to vote their founder
shares, placement shares and any public shares purchased during or after this offering in favor of our initial business combination.
Otherwise, the placement units are identical to the units sold in this offering.

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In order to fund working capital
deficiencies or finance transaction costs in connection with an intended initial business combination, our sponsor or an affiliate of
our sponsor or certain of our officers and directors may, but are not obligated to, loan us