Company: COPL-UN
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001829126-25-002621
Chunk: 51

Company: Copley Acquisition Corp
Filing Date: 2025-04-14
Form: S-1/A
Chunk 51
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000 public shares sold in this offering to be voted in favor of a transaction (assuming all outstanding shares are voted, the representative shares are voted in favor of the proposal, the over-allotment option is not exercised and the parties to the letter agreement do not acquire any public shares). Assuming that only the holders of a majority of our issued and outstanding ordinary shares, representing a quorum under our amended and restated memorandum and articles of association, vote their shares at a general meeting of the company, we will not need any public shares in addition to our founder shares and placement shares to be voted in favor of an initial business combination in order to approve an initial business combination; |
|                                                                                                                                 | ● | the founder shares will automatically convert into our Class A ordinary shares in connection with the consummation of our initial business combination, or at any time and from time to time at the option of the holders thereof, on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, as described in more detail below and in our amended and restated memorandum and articles of association; and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |

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|                                         |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | ● | the founder shares are subject to registration rights as described under “Principal Shareholders — Registration Rights”.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
 The interests of the members of the sponsor are denominated in two classes of membership interest units: (i) Class A membership units representing interests in the founder shares and (ii) Class B membership units that will represent an interest in the placement units. All members of the sponsor, including the non-managing sponsor investors, will hold Class A membership units representing their proportional interest in the founder shares and Class B membership units representing their proportional interest in the placement units. Pursuant to the governing documents of the sponsor, the management and control of the sponsor is vested exclusively with the manager, without any voting rights by any members regardless of their respective ownership. As a result, the non-managing sponsor investors will have no right to control the sponsor. In addition, the non-managing sponsor investors will have no right to vote any securities 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. The non-managing sponsor investors’ membership interests in our sponsor track our underlying securities on