Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 44

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 44
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 Clear Street.                                                    |     | Our sponsor, officers, directors and director nominees |     | Same as above. |

Up to 750,000 of the founder shares will be surrendered for no consideration depending on the extent to which the underwriters’ over-allotment option is exercised. In addition, in order to facilitate our initial business combination or for any other reason determined by our sponsor in its sole discretion, our sponsor may surrender or forfeit, transfer or exchange our founder shares, placement units or any of our other securities, including for no consideration, as well as subject any such securities to earn-outs or other restrictions, or otherwise amend the terms of any such securities or enter into any other arrangements with respect to any such securities. We may also issue Class A ordinary shares upon conversion of the Class B ordinary shares at a ratio greater than one-to-one at the time of our initial business combination as a result of the anti-dilution provisions as set forth therein. While the non-managing sponsor investors will not be a party to the letter agreement discussed above with each of our sponsor, directors and officers, and do not fall under the definition of an “Insider” contained in such letter agreement, they will be bound by the restrictions set forth above with respect to their allocated founder shares placement units or securities comprising the placement units to the extent of, and as a result of, their ownership of membership interests in the sponsor and their control by the sponsor’s manager. The non-managing sponsor investors will not otherwise be bound by the terms of the letter agreement and are not required to vote any public securities they may acquire in favor of an initial business combination.

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Pursuant to the underwriting agreement to be entered into by us and Clear Street, we have agreed to issue to Clear Street and/or its designees, 150,000 Class A ordinary shares (or 172,500 Class A ordinary shares if the underwriters’ over-allotment option is exercised in full), also referred to herein as representative shares, upon the consummation of this offering, as summarized in the table below.

| Type           
 of Securities  |     |                      Number 
               of Securities 
 Outstanding Before Offering |     |                      Number 
               of Securities 
  Outstanding After Offering 
 (assuming no over-allotment 
           option exercised) |     |       Number of Securities 
 Outstanding After Offering 
   (assuming over-allotment 
  option exercised in full) |     | Lock-Up                                                                                                                              
 Terms