Company: COPL-UN
Filing Date: 2025-02-18
Form Type: S-1/A
Source: 0001829126-25-001063
Chunk: 369

Company: Copley Acquisition Corp
Filing Date: 2025-02-18
Form: S-1/A
Chunk 369
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-allotment option in full) to the underwriter or its representative or its designee, for nominal consideration at the closing of the Proposed Public Offering as representative shares (the “Representative Shares”). The Representative Shares are deemed to be underwriters’ compensation by FINRA pursuant to FINRA Rule 5110. In addition, the underwriters have agreed to (a) not transfer, assign or sell any such shares without the Company’s written consent until the completion of Company’s 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 initial Business Combination, and (iii) to waive their rights to liquidating distributions from the Trust Account with respect to such shares if we do not complete initial Business Combination within the Completion Window.

NOTE 7: SHAREHOLDER’S EQUITY

Preference Shares — The Company is authorized to issue 1,500,000 preference shares, $0.0001 par value each, with such designations, voting and other rights and preferences as may be determined from time to time by the Company’s board of directors. As of December 3, 2024, there were no preference shares issued or outstanding.

Class A Ordinary Shares — The Company is authorized to issue 150,000,000 Class A ordinary shares with $0.0001 par value each. As of December 3, 2024, there were no Class A ordinary shares issued or outstanding.

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NOTE 7: SHAREHOLDER’S EQUITY (cont.)

Class B Ordinary Shares — The Company is authorized to issue 15,000,000 Class B ordinary shares with $0.0001 par value each. As of December 3, 2024, an aggregate of 5,750,000 Founder Shares were issued to the Sponsor for an aggregate purchase price of $25,000, or approximately $0.004 per share. Of the 5,750,000 Class B ordinary shares outstanding, an aggregate of up to 750,000 of such Class B ordinary shares are subject to forfeiture to the Company by the Sponsor for no consideration to the extent that the underwriters’ over-allotment option is not exercised in full or in part, so that the initial shareholders will collectively own approximately 25% of the Company’s issued and outstanding ordinary shares after the Proposed Public Offering (assuming they do not purchase any Units in the Proposed Public Offering and excluding the Class A