Company: COPL-UN
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001829126-25-002621
Chunk: 123

Company: Copley Acquisition Corp
Filing Date: 2025-04-14
Form: S-1/A
Chunk 123
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Our sponsor is a limited liability company of which Chief Legal Officer Tok Li is the manager and several of our executive officers and directors are indirect owners of membership interests. Mr. Li holds voting and investment discretion with respect to the ordinary shares, placement units or securities held of record by the sponsor, and all our officers and directors as well as the non-managing sponsor investors own individual economic interests in our sponsor. Each of our officers’ and directors’ and the non-managing sponsor investors’ membership interests in our sponsor tracks our underlying securities on a 1:1 basis. However, this may change as there are no contractual restriction on the sponsor’s, Mr. Li’s nor the non-manager sponsor investors’ ability, acting together, to share, sell or otherwise dispose of part or all of the interests in our sponsor or held by our sponsor. As a result, there is a risk that our sponsor (or Mr. Li or the non-managing sponsor investors, acting together) may divest their ownership or economic interests in us or in the sponsor before a business combination target is identified, which would likely result in our loss of certain key personnel or advisors. Additionally, there can be no assurance that any replacement sponsor or management team will successfully identify a business combination target for us, or, even if one is so identified, successfully complete such business combination.

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We may reincorporate in another jurisdiction in connection with our initial business combination, and the laws of such jurisdiction may govern some or all of our future material agreements and we may not be able to enforce our legal rights.

In connection with our initial business combination, we may relocate the home jurisdiction of our business from the Cayman Islands to another jurisdiction. If we determine to do this, the laws of such jurisdiction may govern some or all of our future material agreements. The system of laws and the enforcement of existing laws in such jurisdiction may not be as certain in implementation and interpretation as in the United States. The inability to enforce or obtain a remedy under any of our future agreements could result in a significant loss of business, business opportunities or capital.

We are subject to changing law and regulations regarding regulatory matters, corporate governance and public disclosure that have increased both our costs and the risk of non-compliance.

We are subject to rules and regulations by various governing bodies, including, for example, the Securities and Exchange Commission, which are charged with the protection of investors and the oversight of companies whose securities are publicly traded, and to new and evolving regulatory measures under applicable law