Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 26

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 26
---
 approval. If we decide to allow public shareholders to sell their public shares
to us in a tender offer, we will file tender offer documentation with the SEC which will contain substantially the same financial and
other information about the initial business combination as is required under the SEC’s proxy rules. If we seek shareholder approval
of our initial business combination, we will consummate 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.

We have 18 months from
the closing of this offering to consummate our initial business combination, which can be extended two times, each by an additional three
months, for a total completion window of up to 24 months. Public shareholders will not have voting or redemption rights with respect
to the first extension option and second extension option. See section titled “Risk Factors—Risks Relating to our Search
for, Consummation of, or Inability to Consummate, a Business Combination and Post-Business Combination Risks—We may extend our
time period to consummate our initial business combination for up to six months and accordingly have a total of up to 24 months from
the closing of this offering to consummate a business combination without submitting such proposed extensions to our shareholders for
approval or offering our public shareholders redemption rights in connection therewith” on page 51. Pursuant to our amended and
restated memorandum and articles of association, in order to avail ourselves to each individual three-month extension, we must deposit,
or cause to be deposited, into the trust account funds equal to the product of (x) $0.10 and (y) the number of public shares then issued
and outstanding. If we anticipate that we may not be able to consummate our initial business combination within such period, we may seek
shareholder approval of amendments to our amended and restated memorandum and articles of association for any extension beyond 24 months
at a general meeting called for such purpose. 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.
Public shareholders will be offered the opportunity to vote on and redeem their shares in connection with any such extension. As described
herein, our sponsor, officers and directors have agreed that they will not propose any such amendment unless we provide our public shareholders
with the opportunity to redeem their public shares upon approval of