Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 294

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 294
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, subject
to adjustment pursuant to certain anti-dilution rights, as described in more detail below; and (v) the founder shares are entitled to
registration rights as described in this prospectus. If we submit our initial business combination to our public shareholders for a vote,
our initial shareholders have agreed (and their permitted transferees will agree), pursuant to the terms of a letter agreement entered
into with us, to vote their founder shares, placement shares and any public shares held by them purchased during or after this offering
in favor of our initial business combination.

The Class B ordinary shares
will automatically convert into Class A ordinary shares in connection with the consummation of our initial business combination, or at
any time and from time to time at the option of the holders thereof, 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 and in our
amended and restated memorandum and articles of association. 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 shall 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 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 made to us) minus (iii) any Class A ordinary shares redeemed by public shareholders in connection with