Company: COPL-UN
Filing Date: 2025-02-03
Form Type: S-1/A
Source: 0001829126-25-000620
Chunk: 235

Company: Copley Acquisition Corp
Filing Date: 2025-02-03
Form: S-1/A
Chunk 235
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 offices set forth in our amended and restated memorandum and articles of association as it deems appropriate. Our amended and restated memorandum and articles of association provide that our officers may consist of, without limitation, a Chairman, Chief Executive Officer, President, Chief Financial Officer, Chief Operating Officer, Vice Presidents, Secretary, Assistant Secretaries, Treasurer and such other offices as may be determined by the board of directors.

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Director Independence

The NYSE listing standards require that a majority of our board of directors be independent. An “independent director” is defined generally as a person who has no material relationship with the listed company (either directly or as a partner, shareholder or officer of an organization that has a relationship with the company). Upon the effectiveness of the registration statement of which this prospectus forms a part, we expect to have [ ] “independent directors” as defined in the NYSE listing standards and applicable SEC rules prior to completion of this offering.

Our board has determined
that each of [Messrs. Djebbari and [ ], Dr. Meng and Ms. Fannin] are independent directors under applicable SEC and NYSE rules.
Our independent directors will have regularly scheduled meetings at which only independent directors are present.

Certain exemptions are available
to us under NYSE rules and under Rule 10A-3 of the Exchange Act that allow companies a phase-in period for complying with committee
independence requirements after an initial public offering. Under these phase-in rules, companies are permitted to phase in compliance
with these rules and regulations as follows: (A) with respect to compensation committee and the nominating and corporate governance committee,
(1) one member must satisfy the requirement by the earlier of the date of the closing of this offering or five business days from the
date of listing; (2) a majority of members must satisfy the requirement within 90 days of the date of listing; and (3) all members must
satisfy the requirement within one year of listing, and (B) with respect to the audit committee, (1) one member must satisfy the requirement
by the date of listing; (2) a majority of members must satisfy the requirement within 90 days of the effective date of our registration
statement; and (3) all members must satisfy the requirement within one year of the effective date of our registration statement. Furthermore,
companies listing in connection with their initial public offering have twelve months from the date of listing to comply with the majority
independent