Company: COPL-UN
Filing Date: 2025-02-18
Form Type: S-1/A
Source: 0001829126-25-001063
Chunk: 197

Company: Copley Acquisition Corp
Filing Date: 2025-02-18
Form: S-1/A
Chunk 197
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 loans may be convertible into units at the business combination at a price of $10.00 per unit. The amount of such loans to fund working capital deficiencies or finance transaction costs in connection with an intended initial business combination which we may receive is uncertain, as is the extent to which the lender(s) of such loans would elect to convert the loans into units instead of receiving cash. 
                                                                                                                                                                                Up to $3,450,000 in extension loans (assuming the underwriters exercise their over-allotment option and no public shares have been redeemed at the time of each extension), which loans may be convertible into units at the business combination at a price of $10.00 per unit. |                                                                                                                                        | Loans to finance working capital deficiencies and transaction costs in connection with an initial business combination. 
 Loans to cover the cost of the extension options.                                                                       |                                                                                                        |
|                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Reimbursement for any out-of-pocket expenses related to identifying, investigating and completing an initial business combination.     |                                                                                                                         | Services in connection with identifying, investigating and completing an initial business combination. |

| (1) | Of the total number of founder shares held by the sponsor, the non-managing sponsor member will own, indirectly through the purchase of non-managing membership interests of the sponsor, an aggregate of [ ] founder shares held by the sponsor (or up to [ ] founder shares held by the sponsor if the underwriters’ overallotment option is exercised in full), which were purchased for approximately $0.004 per share. In addition, several of our officers and directors own an indirect interest the founder shares through membership interests in our sponsor. The non-managing sponsor member will have no right to vote the founder shares that it holds indirectly through its Class A membership interests in the sponsor. |
| (2) | Of the 387,500 placement units (or 426,875 placement units if the over-allotment is exercised in full), the non-managing sponsor member has expressed an interest to purchase, indirectly through the purchase of non-managing membership interests, [ ] of the placement units ($[ ] in the aggregate) at a price of $10.00 per unit (whether or not the over-allotment option is exercised in full) in a private placement that will close simultaneously with the closing of this offering. The non-managing sponsor member will have no right to vote the placement units or securities comprising the placement units that it holds indirectly through its membership interests in the sponsor.                                    |

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