Company: COPL-UN
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001829126-25-002621
Chunk: 385

Company: Copley Acquisition Corp
Filing Date: 2025-04-14
Form: S-1/A
Chunk 385
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 outstanding.

Class A Ordinary Shares— The Company is authorized to issue 150,000,000 Class A ordinary shares, $0.0001 par value per share. As of December 31, 2024, there were no Class A ordinary shares issued or outstanding.

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NOTE 7: SHAREHOLDER’S DEFICIT(cont.)

Class B Ordinary Shares— The Company is authorized to issue 15,000,000 Class B ordinary shares, $0.0001 par value per share. As of December 31, 2024, an aggregate of 5,750,000 Founder Shares were issued to the Sponsor for an aggregate purchase price of $25,000, or approximately $0.004 per share. Of the 5,750,000 Class B ordinary shares outstanding, an aggregate of up to 750,000 of such Class B ordinary shares are subject to forfeiture to the Company by the Sponsor for no consideration to the extent that the underwriters’ over-allotment option is not exercised in full or in part, so that the initial shareholders will collectively own approximately 25% of the Company’s issued and outstanding ordinary shares after the Proposed Public Offering (assuming they do not purchase any Units in the Proposed Public Offering and excluding the Class A ordinary shares underlying the Private Placement Units and the Representative Shares).

Prior to the initial Business Combination, only holders of the Class B ordinary shares will have the right to vote on the election of directors. Holders of the Class A ordinary shares will not be entitled to vote on the election of directors during such time. These provisions of the Company’s amended and restated memorandum and articles of association with class rights may not be amended without a special resolution under Cayman Islands law and the amended and restated articles of association, being a resolution passed by a majority of at least two-thirds (2/3) (or such higher approval threshold as specified in the Company’s amended and restated memorandum and articles of association) of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at a general meeting of the Company of which notice specifying the intention to propose the resolution as a special resolution has been duly given, or a resolution approved in writing by all of the holders of the issued shares entitled to vote on such matter. With respect to any other matter submitted to a vote of its shareholders, including any vote in connection with the initial Business Combination, except as required by law,