Company: COPL-UN
Filing Date: 2025-02-03
Form Type: S-1/A
Source: 0001829126-25-000620
Chunk: 86

Company: Copley Acquisition Corp
Filing Date: 2025-02-03
Form: S-1/A
Chunk 86
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 release such amounts except in specified circumstances, and to provide redemption rights to public shareholders as described herein and in our amended and restated memorandum and articles of association or an amendment to permit us to withdraw funds from the trust account such that the per share amount investors will receive upon any redemption or liquidation is substantially reduced or eliminated), may be amended if approved by a special resolution under Cayman Islands law and our amended and restated memorandum and articles of association, and corresponding provisions of the trust agreement governing the release of funds from our trust account may be amended if approved by holders of 65% of our ordinary shares. Our initial shareholders, who will own approximately 26.2% of our ordinary shares upon the closing of this offering, will participate in any vote to amend our amended and restated memorandum and articles of association and/or trust agreement and will have the discretion to vote in any manner they choose. As a result, we may be able to amend the provisions of our amended and restated memorandum and articles of association which govern our pre-business combination behavior more easily than some other blank check companies, and this may increase our ability to complete a business combination with which you do not agree. Our shareholders may pursue remedies against us for any breach of our amended and restated memorandum and articles of association.

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We may be unable to obtain additional financing to complete our initial business combination or to fund the operations and growth of a target business, which could compel us to restructure or abandon a particular business combination.

We have not selected
any specific business combination target but may target businesses with enterprise values that are greater than what we could acquire
with the net proceeds of this offering and the sale of the placement units. As a result, if the cash portion of the purchase price exceeds
the amount available from the trust account, net of amounts needed to satisfy any redemption by public shareholders, we may be required
to seek additional financing to complete such proposed initial business combination. Such additional financing may be in the form of
PIPE transactions, which may be in the form of an equity, debt or convertible debt transactions. These financing transactions are designed
to ensure a return on investment to the investor in exchange for assisting the company in completing the business combination or providing
sufficient liquidity to the post-combination company. These financing transactions may be significantly dilutive to the post-combination
company, and represent the type of financing risk that is not associated with traditional initial public offerings. We cannot assure
you that financing will