Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 239

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 239
---
 be the same whether we conduct        
 redemptions pursuant to a tender offer or in connection with a shareholder vote. In either case, our public shareholders may redeem          
 their public shares for cash equal to the aggregate amount then on deposit in the trust account as of two business days prior to             
 the consummation of the initial business combination (which is initially anticipated to be $10.05 per share), including interest             
 (which interest shall be net of taxes payable) divided by the number of then outstanding public shares, subject to the limitation            
 that no redemptions will take place if all of the redemptions would cause any limitations (including, but not limited to, cash requirements) 
 agreed to in connection with the negotiation of terms of a proposed business combination.                                                    |     | If we seek shareholder approval of our initial business combination,                                                                       
 our sponsor, directors, officers or their affiliates may purchase shares in privately negotiated transactions or in the open market        
 either prior to or following completion of our initial business combination. Such purchases will only be made to the extent such           
 purchases are able to be made in compliance with Rule 10b-18, which is a safe harbor from liability for manipulation under Section 9(a)(2) 
 and Rule 10b-5 of the Exchange Act. None of the funds in the trust account will be used to purchase shares in such transactions.           |     | If we are unable to complete our initial business combination within                                                                  
 the completion window, we will redeem all public shares at a per-share price, payable in cash, equal to the aggregate amount then     
 on deposit in the trust account (which is initially anticipated to be $10.00 per share), including interest (less taxes payable and   
 up to $100,000 of interest to pay dissolution expenses) divided by the number of then outstanding public shares.                      |
| Impact to remaining 
 shareholders        |     | The redemptions in connection with our initial business combination will reduce                                                              
 the book value per share for our remaining shareholders, who will bear the burden of the deferred underwriting commissions and interest      
 withdrawn in order to pay taxes (to the extent not paid from amounts accrued as interest on the funds held in the trust account).            |     | If the permitted purchases described above are made, there will be no impact                                                               
 to our remaining shareholders because the purchase price would not be paid by us.                                                          |     | The redemption of our public shares if we fail to complete our initial business                                                       
 combination will reduce the