Company: COPL-UN
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001829126-25-002621
Chunk: 44

Company: Copley Acquisition Corp
Filing Date: 2025-04-14
Form: S-1/A
Chunk 44
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 control by the sponsor’s manager. The non-managing sponsor investors will not otherwise be bound by the terms of the letter agreement and are not required to vote any public securities they may acquire in favor of an initial business combination.

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Pursuant to the underwriting agreement to be entered into by us and Clear Street, we have agreed to issue to Clear Street and/or its designees, 150,000 Class A ordinary shares (or 172,500 Class A ordinary shares if the underwriters’ over-allotment option is exercised in full), also referred to herein as representative shares, upon the consummation of this offering, as summarized in the table below.

| Type of Securities    |     |        Number of Securities 
 Outstanding Before Offering |     |        Number of Securities 
  Outstanding After Offering 
 (assuming no over-allotment 
           option exercised) |     |       Number of Securities 
 Outstanding After Offering 
   (assuming over-allotment 
  option exercised in full) |     | Lock-Up Terms                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Representative Shares |     |                           0 |     |                     150,000 |     |                    172,500 |     | The holders of the representative shares have agreed (i) that they will not transfer, assign or sell any such shares until 180 days after the completion of our initial business combination, (ii) to waive their redemption rights (or right to participate in any tender offer) with respect to such shares in connection with the completion of our initial business combination and or a shareholder vote to approve an amendment to our amended and restated memorandum and articles of association (A) to modify the substance or timing of our obligation to allow redemptions 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 the completion window or (B) with respect to any other material provision relating to the rights of holders of Class A ordinary shares or pre-initial business combination activity, and (iii) to waive their rights to liquidating distributions from the trust account with respect to such shares if we fail to complete our initial business combination within 18 months (or up to 24 months if we extend the period of time to consummate a business combination, as described in more detail in this prospectus), provided that our sponsor and/or its designees must deposit into the Trust Account for each three months extension, funds equal to the