Company: COPL-UN
Filing Date: 2025-02-18
Form Type: S-1/A
Source: 0001829126-25-001063
Chunk: 302

Company: Copley Acquisition Corp
Filing Date: 2025-02-18
Form: S-1/A
Chunk 302
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 securities on NYSE, our initial business combination must occur with one or more target businesses that together have an aggregate fair market value of at least 80% of our assets held in the trust account (excluding the deferred underwriting commissions and taxes payable on the income earned on the trust account) at the time of the agreement to enter into the initial business combination; |

| ● | if our shareholders approve an amendment to our amended and restated memorandum and articles of association that would (i) modify the substance or timing of our obligation to allow redemption in connection with our initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination within 24 months from the closing of this offering (which can be extended two times, each by an additional three months, for a total completion window of up to 30 months) or (ii) with respect to any other material provisions relating to the rights of holders of Class A ordinary shares or pre-business combination activity, we will provide our public shareholders with the opportunity to redeem all or a portion of their public shares, regardless of whether they vote for or against the proposal or do not vote at all, upon such approval at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest (which interest shall be net of taxes payable) divided by the number of then outstanding public shares; |

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| ● | we will not effectuate our initial business combination with another blank check company or a similar company with nominal operations; and |

| ● | only holders of our Class B ordinary shares have the right to vote on appointing or removing directors, prior to the consummation of our initial business combination. |

The Companies Act permits a company incorporated in the Cayman Islands to amend its memorandum and articles of association with the approval of the affirmative vote of at least two-thirds of such company’s issued and outstanding ordinary shares who attend and vote in a general meeting. A company’s articles of association may specify that the approval of a higher majority is required but, provided the approval of the required majority is obtained, any Cayman Islands exempted company may amend its memorandum and articles of association regardless of whether its memorandum and articles of association provides otherwise. Accordingly, although we could amend any of the provisions relating to our proposed offering, structure and business plan which are contained in our amended and restated memorandum and articles of association, we view all of these provisions as binding obligations to our shareholders and