Company: COPL-UN
Filing Date: 2025-04-23
Form Type: S-1/A
Source: 0001829126-25-002866
Chunk: 56

Company: Copley Acquisition Corp
Filing Date: 2025-04-23
Form: S-1/A
Chunk 56
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, as it will on the other units sold           
 to the public in this offering. In addition, none of the non-managing sponsor investors has any obligation to vote any of their         
 public shares in favor of our initial business combination. Nevertheless, the non-managing sponsor investors will be incentivized       
 to vote any of their public shares in favor of a business combination due to their indirect ownership through the sponsor of            
 900,000 founder shares and 67,500 placement units. Additionally, these non-managing sponsor investors have the potential to realize     
 enhanced economic returns from their investments compared to other investors in this offering. In the event that the non-managing       
 sponsor investors purchase such units (either in this offering or after) and vote them in favor of our initial business combination,    
 no affirmative votes from other public shareholders would be required to approve our initial business combination. However, because     
 the non-managing sponsor investors are not obligated to continue owning any public shares following the closing of this offering        
 and are not obligated to vote any public shares in favor of our initial business combination, we cannot assure you that any of          
 these non-managing sponsor investors will be public shareholders at the time our shareholders vote on our initial business combination, 
 and, if they are public shareholders, we cannot assure you as to how such non-managing sponsor investors will vote on any business      
 combination.                                                                                                                            
 The non-managing sponsor investors                                                                                                      
 are not granted any shareholder or other rights in addition to those afforded to our other public shareholders, and will only           
 be issued membership interests in the sponsor, with no right to control the sponsor or vote or dispose of any securities held           
 by the sponsor, including the founder shares and the placement units held by the sponsor. Further, the non-managing sponsor investors   
 are not required to (i) hold any units, public shares or public warrants they may purchase in this offering or thereafter for           
 any amount of time, (ii) vote any public shares they may own at the applicable time in favor of our initial business combination        
 or (iii) refrain from exercising their right to redeem their public shares at the time of our initial business combination. The         
 non-managing sponsor investors will have the same rights to the funds held in the trust account with respect to the public              
 shares comprising part of the units they may purchase in this offering as the rights afforded to our other public shareholders.         
 However, if the non-managing sponsor investors purchase all of the units for which they have expressed to us an interest