Company: COPL-UN
Filing Date: 2025-02-03
Form Type: S-1/A
Source: 0001829126-25-000620
Chunk: 83

Company: Copley Acquisition Corp
Filing Date: 2025-02-03
Form: S-1/A
Chunk 83
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 sponsor has substantial ties with non-U.S. persons and our officers and directors are located in Hong Kong or have significant ties to the PRC. This may make us a less attractive partner to potential target companies outside the PRC, thereby limiting our pool of acquisition candidates and making it harder for us to complete an initial business combination with a non-PRC-based target company. For example, we may not be able to complete an initial business combination with a U.S. target company since such initial business combination may be subject to U.S. foreign investment regulations and review by a U.S. government entity, such CFIUS, or ultimately prohibited.

We may not be able to complete an initial business combination with a U.S. target company since such initial business combination may be subject to U.S. foreign investment regulations and review by a U.S. government agency such as CFIUS, or ultimately prohibited. Our sponsor has substantial ties with non-U.S. persons. Tok Li, the manager of our sponsor, is a citizen and resident of Hong Kong. Additionally, our directors and officers, some of whom indirectly own interests in our sponsor, are located in Hong Kong and have significant ties to Hong Kong and, to a lesser degree, the PRC generally. Our sponsor will own approximately 26.2% of our issued and outstanding ordinary shares (including the placement shares comprising part of the placement units and assuming our initial holders do not purchase any units in this offering). As a result, we may be a less attractive partner to potential target companies outside the PRC, thereby limiting our pool of acquisition candidates. This would impact our search for a target company and make it harder for us to complete an initial business combination with a non-PRC-based target company. For example, we may not be able to complete an initial business combination with a U.S. target company since such initial business combination may be subject to U.S. foreign investment regulations and review by a U.S. government entity. Certain federally licensed businesses in the United States, such as broadcasters and airlines, may be subject to rules or regulations that limit foreign ownership. In addition, CFIUS is an interagency committee authorized to review certain transactions involving foreign investment in the United States by foreign persons in order to determine the effect of such transactions on the national security of the United States. We may be considered a “foreign person” under such rules and regulations and any proposed business combination between us and a U.S. business engaged in a regulated industry or which may affect national security could be subject