Company: COPL-UN
Filing Date: 2025-02-03
Form Type: S-1/A
Source: 0001829126-25-000620
Chunk: 355

Company: Copley Acquisition Corp
Filing Date: 2025-02-03
Form: S-1/A
Chunk 355
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 will have “piggy-back” registration rights to include such securities in other registration statements filed by the Company and rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. However, the registration rights agreement provides that the Company will not be required to effect or permit any registration or cause any registration statement to become effective until termination of the applicable lock-up period as described under “Principal Shareholders — Transfers of Founder Shares and Placement Units.” The Company will bear the expenses incurred in connection with the filing of any such registration statements.

Underwriting Agreement

The Company will grant the underwriters a 45-day option to purchase up to 2,250,000 additional Units to cover over-allotments at the Proposed Public Offering price, less the underwriting discounts and commissions.

The underwriters will be entitled to a cash underwriting discount of $0.15 per Unit, or $2,250,000 in the aggregate (or $2,587,500 if the underwriters’ over-allotment option is exercised in full), payable upon the closing of the Proposed Public Offering. In addition, the underwriters will be entitled to a deferred fee of $0.30 per Unit, or $4,500,000 in the aggregate (or $5,175,000 in the aggregate if the underwriters’ over-allotment option is exercised in full). The deferred underwriting fee will become payable to the underwriters from the amounts held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement.

Additionally, the Company will issue 150,000 shares of Class A ordinary shares (or 172,500 Class A ordinary shares if the underwriters exercise their over-allotment option in full) to the underwriter or its representative or its designee, for nominal consideration at the closing of the Proposed Public Offering as representative shares (the “Representative Shares”). The Representative Shares are deemed to be underwriters’ compensation by FINRA pursuant to FINRA Rule 5110. In addition, the underwriters have agreed to (a) not transfer, assign or sell any such shares without the Company’s written consent until the completion of Company’s 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 initial Business Combination, and (iii) to waive their rights to liquidating distributions from the Trust Account with respect to such shares