Company: COPL-UN
Filing Date: 2025-04-23
Form Type: S-1/A
Source: 0001829126-25-002866
Chunk: 187

Company: Copley Acquisition Corp
Filing Date: 2025-04-23
Form: S-1/A
Chunk 187
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 business combination, as described below; (3) they may be exercised by the holders on a cashless basis; and (4) they (including the Class A ordinary shares issuable upon exercise of these warrants) are entitled to registration rights, as described below.

Pursuant to a registration rights agreement we will enter into with our initial holders and holders of placement units prior to the closing of this offering, we may be required to register certain securities for sale under the Securities Act. These holders, and holders of units issued upon conversion of working capital loans and extension loans, if any, are entitled under the registration rights agreement to make up to three demands that we register certain of our securities held by them for sale under the Securities Act and to have the securities covered thereby registered for resale pursuant to Rule 415 under the Securities Act. In addition, these holders have the right to include their securities in other registration statements filed by us. However, the registration rights agreement provides that we will not be required to effect or permit any registration or cause any registration statement to become effective until the securities covered thereby are released from their lock-up restrictions, as described herein.

Two institutional accredited
investors and one individual accredited investor (none of which are affiliated with any member of our management, other members of our
sponsor or any other investor), which we refer to collectively as the “non-managing sponsor investors” throughout this prospectus,
have expressed an interest to indirectly purchase, through the purchase of non-managing sponsor membership interests, 67,500 of
the placement units (whether or not the over-allotment option is exercised in full) at a price of $10.00 per unit ($675,000 in the aggregate)
in a private placement that will close simultaneously with the closing of this offering. Subject to the non-managing sponsor investors
purchasing, through the sponsor, the placement units allocated to them simultaneously with the closing of this offering, the sponsor
will issue membership interests at a nominal purchase price ($0.004) to the non-managing sponsor investors reflecting their interest
in an aggregate of 900,000 founder shares held by the sponsor (whether or not the underwriter’s over-allotment option is exercised
in full). The non-managing sponsor investors will have no right to vote any security that they hold indirectly through their membership
interests in the sponsor. The non-managing sponsor investors have expressed to us an interest in purchasing up to an aggregate of
approximately $29,700,000 of the units in