Company: COPL-UN
Filing Date: 2025-04-23
Form Type: S-1/A
Source: 0001829126-25-002866
Chunk: 46

Company: Copley Acquisition Corp
Filing Date: 2025-04-23
Form: S-1/A
Chunk 46
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 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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Representative Shares |     |                           0 |     |                     150,000 |     |                    172,500 |     | The holders of the representative shares have agreed (i) that they will not transfer, assign or sell any such shares until 180 days after the completion of our 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 our initial business combination and or a shareholder vote to approve an amendment to our amended and restated memorandum and articles of association (A) to modify the substance or timing of our obligation to allow redemptions in connection with our initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination within the completion