Company: COPL-UN
Filing Date: 2025-02-03
Form Type: S-1/A
Source: 0001829126-25-000620
Chunk: 187

Company: Copley Acquisition Corp
Filing Date: 2025-02-03
Form: S-1/A
Chunk 187
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 other applicable law, our sponsor’s business is focused on investing in our company. Tok Li is the sole manager of our sponsor and holds voting and investment discretion with respect to the ordinary shares held of record by the sponsor. Some of our officers and directors have indirect ownership interests in our sponsor. Messrs. Ng, Tang, Zhang, Chu and Guan each independently own [ ]% of a holding vehicle which directly owns [ ]% of the interests in our sponsor. In addition, our independent directors will receive for their services as a director an indirect interest in the founder shares through membership interests in our sponsor. Other than the sponsor managers and our management team, none of the other members (including the non-managing sponsor member) or indirect owners of our sponsor will participate in our company’s activities.

Other than such persons and the non-managing sponsor member (as set forth below) no other person will have a direct or indirect material interest in our sponsor. Other than our management team, none of the other members of our sponsor (including the non-managing sponsor member) will participate in the management of our company. Each such party’s membership interests in our sponsor tracks our underlying securities on a 1:1 basis.

Additionally, subject to the non-managing sponsor member purchasing, through the sponsor, the placement units allocated to it simultaneously with the closing of this offering, the sponsor will issue membership interests at a nominal purchase price ($0.004) to the non-managing sponsor member reflecting its interest in an aggregate of [ ] founder shares held by the sponsor (or up to [ ] founders shares held by the sponsor if the underwriters’ overallotment option is exercised in full). The non-managing sponsor member will have no right to control, vote or manage the sponsor. In addition, the non-managing sponsor member will have no right to vote the founder shares, placement units or securities comprising the placement units that it holds indirectly through its holdings of membership units of the sponsor. The non-managing sponsor member’s membership interests in our sponsor track our underlying securities on a 1:1 basis.

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The following table sets forth the payments to be received by our sponsor and its affiliates from us prior to or in connection with the completion of our initial business combination and the securities issued and to be issued by us to our sponsor or its affiliates:

| Entity/Individual                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Amount of Compensation to be Received                                                                                              
 or Securities Issued or to be Issued                                                                                               |