Company: COPL-UN
Filing Date: 2025-02-18
Form Type: S-1/A
Source: 0001829126-25-001063
Chunk: 53

Company: Copley Acquisition Corp
Filing Date: 2025-02-18
Form: S-1/A
Chunk 53
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 sponsor acquired the founder shares at a nominal price, our public shareholders will incur an immediate and substantial dilution upon the closing of this offering, assuming no value is ascribed to the warrants included in the units. If we increase or decrease the size of this offering, we will effect a share capitalization or a share repurchase or surrender or other appropriate mechanism immediately prior to the consummation of this offering in such amount as to maintain the number of founder shares at 25% of our issued and outstanding founder shares and public shares upon the consummation of this offering. Any additional founder shares issued to our sponsor through such a share capitalization would be issued at their nominal par value and may result in further dilution to the implied value of the shares held by our public shareholders. Further, the Class A ordinary shares issuable in connection with the conversion of the founder shares may result in material dilution to our public shareholders due to the anti-dilution rights of our founder shares that may result in an issuance of Class A ordinary shares on a greater than one-for-one basis upon conversion. See the section titled “Risk Factors — Risks Relating to our Sponsor and Management Team — The nominal purchase price paid by our sponsor for the founder shares may result in significant dilution to the implied value of your public shares upon the consummation of our initial business combination, and our sponsor is likely to make a substantial profit on its investment in us in the event we consummate an initial business combination, even if the business combination causes the trading price of our ordinary shares to materially decline” on page 70.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |

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| Private placement |     | Our sponsor has committed to purchase an aggregate of 387,500 placement units at a price of $10.00 per placement unit (or 426,875 placement units if the over-allotment option is exercised in full), or $3,875,000 in the aggregate (or $4,268,750 in the aggregate if the over-allotment option is exercised in full), in a private placement that will close simultaneously with the closing of this offering. 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 indirectly purchase, through the purchase of non-managing sponsor membership interests, [ ] of the placement units at a price of $10.00 per unit