Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 72

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 72
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 (i) holders of our founder shares would participate in such vote, which means we may complete our initial business combination even though a majority of our public shareholders do not support such a business combination, and (ii) if the non-managing sponsor investors purchase the full amount of the units for which they have expressed an interest and vote in favor of an initial business combination, we may not need any public shares sold to other investors in this offering to be voted in favor of the initial business combination.

We may not hold a
shareholder vote to approve our initial business combination unless the business combination would require shareholder approval
under applicable Cayman Islands law or the rules of NYSE or if we decide to hold a shareholder vote for business or other reasons.
Examples of transactions that would not ordinarily require shareholder approval include asset acquisitions and share purchases,
while transactions such as direct mergers with our company or transactions where we issue more than 20% of our outstanding shares
would require shareholder approval. For instance, the NYSE rules currently allow us to engage in a tender offer in lieu of a general
meeting but would still require us to obtain shareholder approval if we were seeking to issue more than 20% of our outstanding
shares to a target business as consideration in any business combination. Therefore, if we were structuring a business combination
that required us to issue more than 20% of our outstanding shares, we would seek shareholder approval of such business combination.
Except as required by law or NYSE rules, the decision as to whether we will seek shareholder approval of a proposed business
combination or will allow shareholders to sell their shares to us in a tender offer will be made by us, solely in our discretion,
and will be based on a variety of factors, such as the timing of the transaction and whether the terms of the transaction would
otherwise require us to seek shareholder approval. Even if we seek shareholder approval, (i) the holders of our founder shares will
participate in the vote on such approval, which means we may complete our initial business combination even though a majority of our
public shareholders do not support such a business combination, and (ii) if the non-managing sponsor investors purchase the full
amount of the units for which they have expressed an interest and vote in favor of an initial business combination, we may not
need any public shares sold to other investors in this offering to be voted in favor of the initial business combination.
Accordingly, we may consummate our initial business combination even if holders of a majority of the