Company: COPL-UN
Filing Date: 2025-02-03
Form Type: S-1/A
Source: 0001829126-25-000620
Chunk: 8

Company: Copley Acquisition Corp
Filing Date: 2025-02-03
Form: S-1/A
Chunk 8
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 (iii) any Class A ordinary
shares redeemed by public shareholders in connection with an initial business combination and any Class A ordinary shares redeemed by
public shareholders in connection with any amendment to our amended and restated memorandum and articles of association made prior to
the consummation of the initial business combination (A) to modify the substance or timing of our obligation to allow redemption in connection
with our initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination within
the completion window or (B) with respect to any other material provisions relating to the rights of holders of Class A ordinary shares
or pre-business combination activity; provided that such conversion of founder shares will never occur on a less than one-for-one basis.
Prior to our initial business combination, holders of the Class B ordinary shares will have the right to appoint all of our directors
and may remove members of the board of directors for any reason. In the event that there are no longer any Class B ordinary shares outstanding
prior to our initial business combination, holders of Class A ordinary shares will have the right to vote on the appointment or removal
of any member of the board of directors. On any other matter submitted to a vote of our shareholders, holders of the Class B ordinary
shares and holders of the Class A ordinary shares will vote together as a single class, except as required by law. See “Summary — Sponsor Information,” “Summary — The Offering — Founder Shares,” “Summary — The Offering — Founder Shares Conversion and Anti-Dilution Rights” and “Description of Securities — Founder Shares”for further discussion on our sponsor’s and our affiliates’ securities and compensation.

As more fully discussed
in “Management — Conflicts of Interest,” certain of our officers and directors presently has, and any of them
in the future may have, additional fiduciary, contractual or other obligations or duties to one or more other entities pursuant to which
such officer or director is or will be required to present a business combination opportunity to such entities. The low price that our
sponsor, executive officers and directors (directly or indirectly) paid for the founder shares creates an incentive whereby our officers
and directors could potentially make a substantial profit even if we select an acquisition target that subsequently declines in value
and is unprofitable for public shareholders. 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, the founder shares and placement units will expire