Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 291

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 291
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 will reduce their influence over
our ability to complete our initial business combination, and such shareholders could suffer a material loss in their investment if they
sell such Excess Shares on the open market. Additionally, such shareholders will not receive redemption distributions with respect to
the Excess Shares if we complete our initial business combination. And, as a result, such shareholders will continue to hold that number
of shares exceeding 15% and, in order to dispose such shares would be required to sell their shares in open market transactions, potentially
at a loss.

<div align='center'>179</div>

If we seek
shareholder approval in connection with our initial business combination, our sponsor, officers and directors have agreed (and their
permitted transferees will agree), pursuant to the terms of a letter agreement entered into with us, to vote any founder shares
and/or placement shares held by them, and any public shares purchased during or after this offering, in favor of our initial
business combination. As a result, in addition to our initial shareholders’ founder shares and placement
shares, we would need 4,666,429 or approximately 31.1%, of the 15,000,000 public shares sold in this offering to be voted in favor
of a transaction (assuming all outstanding shares are voted, the representative shares are voted in favor of the proposal, the
over-allotment option is not exercised and the parties to the letter agreement do not acquire any public shares). Assuming that only
the holders of a majority of our issued and outstanding ordinary shares, representing a quorum under our amended and restated
memorandum and articles of association, vote their shares at a general meeting of the company, we will not need any public shares in
addition to our founder shares to be voted in favor of an initial business combination in order to approve an initial business
combination. Additionally, each public shareholder may elect to redeem their public shares irrespective of whether they vote for or
against the proposed transaction or if they vote at all.

Pursuant to our amended and restated
memorandum and articles of association, if we are unable to complete our initial business combination within the completion window, or
by such earlier liquidation date as our board of directors may approve, we will (i) cease all operations except for the purpose of winding
up, (ii) as promptly as reasonably possible but no more than ten business days thereafter, subject to lawfully available funds therefor,
redeem the public shares