Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 508

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 508
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Scholesmodel to value the derivative warrant liabilities were as follows:

|                                          |     |   |   June 30, 
       2025 |   |     |   | December 31, 
         2024 |   |
|:-----------------------------------------|:----|:--|-----------:|:--|:----|:--|-------------:|:--|
| Share price                              |     | $ |      13.25 |   |     | $ |        11.64 |   |
| Exercise price                           |     | $ |      11.50 |   |     | $ |        11.50 |   |
| Risk-free interest rate                  |     |   |       3.88 | % |     |   |         4.19 | % |
| Expected life of warrants                |     |   | 1.32 years |   |     |   |   1.32 years |   |
| Expected volatility of underlying shares |     |   | de minimis | % |     |   |   de minimis | % |
| Dividend yield                           |     |   |       0.00 | % |     |   |         0.00 | % |
| Probability of business combination      |     |   |      10.00 | % |     |   |        10.00 | % |

As of June 30, 2025 and December 31, 2024, the derivative warrant liability was $5,689,875 and $457,466, respectively. In addition, for the six months ended June 30, 2025 and 2024, the Company recorded a loss on the change in fair value of the derivative warrant liabilities on the statements of operations of $5,232,409 and $1,122,044, respectively. NOTE 10 — SEGMENT INFORMATION ASC Topic 290, “ Segment Reporting,” establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic areas, and major customer. Operating segments are defined as components of an enterprise for which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker (“CODM”), or group, in deciding how to allocate resources and assess performance. The Company’s CODM has been identified as the Chief Executive Officer, who reviews the operating results for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined