Company: COPL-UN
Filing Date: 2025-02-03
Form Type: S-1/A
Source: 0001829126-25-000620
Chunk: 261

Company: Copley Acquisition Corp
Filing Date: 2025-02-03
Form: S-1/A
Chunk 261
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 and may be exercised on a cashless basis. If we do not consummate an initial business combination within the completion window, the proceeds from the sale of the private placement held in the trust account will be used to fund the redemption of our public shares (subject to the requirements of applicable law) and the placement units (and the underlying securities) will expire worthless. Further, if we seek shareholder approval, 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 and each member of our management team have agreed to vote their founder shares, placement shares and any public shares purchased during or after this offering in favor of our initial business combination. Otherwise, the placement units are identical to the units sold in this offering.

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In order to fund working capital deficiencies or finance transaction costs in connection with an intended initial business combination, our sponsor or an affiliate of our sponsor or certain of our officers and directors may, but are not obligated to, loan us funds as may be required, from time to time or at any time, in whatever amount they deem reasonable in their sole discretion. In addition, our sponsor or an affiliate of our sponsor or certain of our officers and directors may loan us funds to cover the cost of our extension options to allow additional time for us to complete an initial business combination. Such working capital loans and extension loans may be convertible into units at a price of $10.00 per unit at the option of the lender at the time of the business combination. The units would be identical to the placement units sold in the private placement. If we do not complete our initial business combination, the working capital loans and extension loans would be repaid out of funds not held in the Trust Account, and only to the extent available.

Ordinary Shares

Upon the closing of this offering and the private placement, 20,537,500 ordinary shares will be issued and outstanding (assuming no exercise of the underwriter’s over-allotment option and the corresponding forfeiture of 750,000 founder shares by our sponsor), including:

| ● | 15,000,000 Class A ordinary shares comprising part of the units being offered in this offering; |

| ● | 387,500 Class A ordinary shares comprising part of the placement units being sold in the private placement; |

| ● | 150,000 representative shares being issued to Clear Street; and |

| ● |