Company: COPL-UN
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001829126-25-002621
Chunk: 273

Company: Copley Acquisition Corp
Filing Date: 2025-04-14
Form: S-1/A
Chunk 273
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 reflect its interest in an aggregate of 1,133,333 founder shares held by sponsor (whether or not the underwriter’s overallotment option is exercised in full). The non-managing sponsor investors are not granted any shareholder or other rights in addition to those afforded to our other public shareholders, and will only be issued membership interests in the sponsor, with no right to control the sponsor or vote or dispose of any securities held by the sponsor. The non-managing sponsor investors’ membership interests in our sponsor track our underlying securities on a 1:1 basis. In addition, the non-managing sponsor investors will have no right to vote any security that they hold indirectly through their membership units of the sponsor or participate in any decision regarding the disposal of any security held by the sponsor, or otherwise. In addition, no non-managing sponsor investor will own more than 9.9% of the equity interests in us. |

After giving effect to the issuance of founder shares and the private placement of placement units, our sponsor will own approximately 26.7% of the issued and outstanding ordinary shares following the offering (including the placement shares comprising the placement units and assuming that holders of founder shares do not purchase any public shares in this offering or the public market) and will have the right to elect all of our directors prior to our initial business combination as a result of holding all of the founder shares. Unless there are no longer any Class B ordinary shares outstanding, holders of our public shares will not have the right to appoint any directors to our board of directors prior to our initial business combination. In addition, because of their ownership block, our initial shareholders may be able to effectively influence the outcome of all other matters requiring approval by our shareholders, including amendments to our amended and restated memorandum and articles of association and approval of significant corporate transactions. If we increase or decrease the size of this offering, we will effect a share capitalization or share repurchase or other appropriate mechanism, as applicable, with respect to our founder shares immediately prior to the consummation of this offering in such amount as to maintain the number of founder shares at 25% of our issued public shares and founder shares upon the consummation of this offering. Any additional Class B ordinary shares issued to our sponsor through such a share capitalization would be issued at their nominal par value and may result in material dilution to the implied value of the shares held by our public shareholders.

Our sponsor has committed to purchase an aggregate of 517,143 placement units (573,393 placement