Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 50

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 50
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, unless there              
 are no longer any Class B ordinary shares outstanding. In addition, prior to our initial business combination, holders of a majority             
 of our founder shares may remove a member of the board of directors for any reason. These provisions of our amended and restated                 
 memorandum and articles of association may only be amended by a special resolution passed by the affirmative vote of at least 90%                
 (or, where such amendment is proposed in respect of the consummation of our initial business combination, two-thirds) of the votes               
 cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general          
 meeting of the company, 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 our shareholders, including any vote in connection with our initial business             
 combination, except as required by law, holders of our founder shares and holders of our public shares will vote together as a single            
 class, with each share entitling the holder to one vote. If we seek shareholder approval of our initial business combination, we                 
 will complete our initial business combination only if we obtain the approval of an ordinary resolution under Cayman Islands law                 
 and our amended and restated memorandum and articles of association. In such case, our sponsor, officers and directors have agreed               
 to vote their founder shares, placement shares and any public shares purchased during or after the offering in favor of our initial              
 business combination (except with respect to any public shares which may not be voted in favor of approving the business combination             
 transaction in accordance with the requirements of Rule 14e-5 under the Exchange Act and any SEC interpretations or guidance relating            
 thereto).                                                                                                                                        |
| Founder                     
 shares                      |     | In December 2024, our sponsor paid certain offering costs totaling $25,000 in exchange for 5,750,000 founder shares. Subject to the non-managing 
 sponsor investors purchasing, through the sponsor, the placement units allocated to them in connection with the closing of this offering,        
 the sponsor will issue membership interests at a nominal purchase price ($0.004) to the non-managing sponsor investors reflecting their          
 interest in an aggregate of 1,133,333 founder shares held by the sponsor (whether or not the underwriters’ over-allotment                        
 option is exercised in full).                                                                                                                    
 Prior to the initial investment in the company of $25,