Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 272

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 272
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 the underwriter’s overallotment option is exercised in full). The non-managing sponsor investors                  
 are not granted any shareholder or other rights in addition to those afforded to our other public shareholders, and will only be issued           
 membership interests in the sponsor, with no right to control the sponsor or vote or dispose of any securities held by the sponsor. The           
 non-managing sponsor investors’ membership interests in our sponsor track our underlying securities on a 1:1 basis. In addition,                  
 the non-managing sponsor investors will have no right to vote any security that they hold indirectly through their membership units of            
 the sponsor or participate in any decision regarding the disposal of any security held by the sponsor, or otherwise. In addition, no non-managing 
 sponsor investor will own more than 9.9% of the equity interests in us.                                                                           |

After giving effect to
the issuance of founder shares and the private placement of placement units, our sponsor will own approximately 26.7% of the issued and
outstanding ordinary shares following the offering (including the placement shares comprising the placement units and assuming that holders
of founder shares do not purchase any public shares in this offering or the public market) and will have the right to elect all of our
directors prior to our initial business combination as a result of holding all of the founder shares. Unless there are no longer any
Class B ordinary shares outstanding, holders of our public shares will not have the right to appoint any directors to our board of directors
prior to our initial business combination. In addition, because of their ownership block, our initial shareholders may be able to effectively
influence the outcome of all other matters requiring approval by our shareholders, including amendments to our amended and restated memorandum
and articles of association and approval of significant corporate transactions. If we increase or decrease the size of this offering,
we will effect a share capitalization or share repurchase or other appropriate mechanism, as applicable, with respect to our founder
shares immediately prior to the consummation of this offering in such amount as to maintain the number of founder shares at 25% of our
issued public shares and founder shares upon the consummation of this offering. Any additional Class B ordinary shares issued to our
sponsor through such a share capitalization would be issued at their nominal par value and may result in material dilution to the implied
value of the shares held by our public shareholders.

Our sponsor has committed
to purchase an aggregate of 517,143 placement units (573,393