Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 441

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 441
---
 upon completion of a Business Combination into warrants at a price of $1.00 per warrant. Such warrants would be identical to the Private Placement Warrants. In the event that a Business Combination does not close, TLGY may use a portion of proceeds held outside the Trust Account to repay the working capital loans but no proceeds held in the Trust Account would be used to repay the working capital loans. On each of April 24, 2023 (the “ 2023 April Promissory Note”) and August 10, 2023 (the “ 2023 August Promissory Note”), TLGY issued an unsecured working capital promissory note to the Former Sponsor, pursuant to which TLGY may borrow up to an aggregate principal amount of $250,000 and $500,000, respectively. Both of these two promissory notes were non -interestbearing and payable on the earlier of (i) fifteen (15) months from the closing of the Initial Public Offering (or such later date as may be extended in accordance with the terms of The TLGY Organizational Documents), or (ii) the date on which TLGY consummates a Business Combination, subject to the terms of an Agreement and Plan of Transactions (as amended, the “ Verde Business Combination Agreement”) dated June 21, 2023, as amended on August 11, 2023, by and between TLGY, Virgo Transactions Sub Corp., a Delaware corporation and wholly -ownedsubsidiary of the Company (“ Verde Transactions Sub”), and Verde Bioresins, Inc., a Delaware corporation (“ Verde”), which was terminated by Verde on March 18, 2024 (the “ Verde Termination”). On May 1, 2024, TLGY issued an unsecured working capital promissory note to the Former Sponsor, pursuant to which TLGY may borrow up to an aggregate principal amount of $500,000 (the “ 2024 May Working Capital Promissory Note”). This 2024 May Working Capital Promissory Notes is non -interestbearing and payable on the earlier of (i) fifteen (15) months from the closing of TLGY’s IPO (or such later date as may be extended in accordance with the terms of The TLGY Organizational Documents), or (ii) the date on which TLGY consummates an initial Business Combination. On July 5, 2024, TLGY issued unsecured working capital promissory notes to each of the Current Sponsors, pursuant to which TLGY may