Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 206

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 206
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 result in material dilution
to our public shareholders due to the anti-dilution rights of our founder shares that may result in an issuance of Class A ordinary shares
on a greater than one-to-one basis upon conversion. See the sections titled “Risk Factors — Risks Relating to our Sponsor and Management Team — The nominal purchase price paid by our sponsor for the founder shares may result in significant dilution to the implied value of your public shares upon the consummation of our initial business combination, and our sponsor is likely to make a substantial profit on its investment in us in the event we consummate an initial business combination, even if the business combination causes the trading price of our ordinary shares to materially decline” on page 73 and “Dilution” on page 109.

The founder shares will automatically
convert into Class A ordinary shares in connection with the consummation of our initial business combination or earlier at the option
of the holder on a one-for-one basis, subject to adjustment for share sub-divisions, share capitalizations, reorganizations, recapitalizations
and the like, and subject to further adjustment as provided herein. In the case that additional Class A ordinary shares, or equity-linked
securities, are issued or deemed issued in excess of the amounts sold in this offering and related to or in connection with the closing
of the initial business combination, the ratio at which Class B ordinary shares convert into Class A ordinary shares will be adjusted
(unless the holders of a majority of the issued and outstanding Class B ordinary shares agree to waive such anti-dilution adjustment
with respect to any such issuance or deemed issuance) so that the number of Class A ordinary shares issuable upon conversion of all Class
B ordinary shares will equal, in the aggregate, 25% of the sum of (i) the founder shares and public shares issued and outstanding upon
the completion of this offering (including any public shares issued pursuant to the exercise of the underwriters’ over-allotment
option), plus (ii) the total number of Class A ordinary shares issued or deemed issued or issuable upon the conversion or exercise of
any equity-linked securities issued or deemed issued, in connection with the closing of the initial business combination (excluding any
shares or equity-linked securities issued, or to be issued, to any seller in the initial business combination and any Working Capital
Units and Extension Units issued to our sponsor or any of its affiliates or to our officers or directors upon conversion of working capital
loans and extension loans