Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 313

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 313
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. • Unaffiliated Public Shareholders: The unaffiliated Public Shareholders have the opportunity to evaluate and consider whether or not to redeem their Public Shares in connection with the consummation of the Business Combination. Non -redeemingPublic Shareholders will have the opportunity to participate in the potential future growth of SC Assets, but may face a number of potential detriments in connection with their continued investment, including the uncertainties and risks identified by the TLGY Board described more fully in “— The TLGY Board’s Reasons for the Approval of the Business Combination”, the various other risks associated with the Business Combination, the business of TLGY and the business of SC Assets, as described further under the section entitled “ Risk Factors”, the potential conflicts of interest described under “— Interests of Certain TLGY Persons in the Business Combination”, and the potential material dilution they may experience as described more fully in section entitled “ Dilution”. Redeeming Public Shareholders have the opportunity to receive their pro rata share of the aggregate amount on deposit in the Trust Account, less taxes paid and payable, calculated as of two business days prior to the consummation of the Business Combination. However, redeeming Public Shareholders face the potential of not realizing any future growth in value of SC Assets following the Business Combination. Projected Financial Information No projected financial information relating to the business, operations, revenue or financial performance of SC Assets was provided to TLGY or the TLGY Board in connection with the Business Combination. Expected Accounting Treatment of the Business Combination The Business Combination The Business Combination will be accounted for as a reverse recapitalization in accordance with GAAP and not as a business combination. Under this method of accounting, TLGY will be treated as the “acquired” company for financial reporting purposes. Accordingly, for accounting purposes, the Business Combination will be treated as the equivalent of SC Assets issuing stock for the net assets of TLGY, accompanied by a recapitalization. Upon the completion of the Business Combination, substantially all of the assets and business of the combined company will be held and operated by SC Assets and its subsidiaries. Regulatory Matters Neither TLGY nor SC Assets are aware of any material regulatory approvals or actions that are required for completion of the Business Combination, other than the filing required by and the waiting period under the Hart -Scott -RodinoAntitrust Improvements Act of 1976 and the other regulatory notices and approvals discussed in “ The Business Combination Proposal — Business Combination Agreement — Closing Conditions — Conditions to the Obligations of Each Party”. The