Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 264

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 264
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230,000,000. Each unit consisted of (i) one TLGY Class A Ordinary Share, (ii) one -halfof one Public Warrant, and (iii) a contingent right to receive at least one -fourthof one redeemable warrant following the initial business combination redemption time. Prior to the consummation of the IPO, neither TLGY nor anyone on its behalf had any substantive discussions, formal or otherwise, with respect to a potential business combination transaction between TLGY and any third party. As discussed elsewhere in this proxy statement/prospectus, on April 16, 2024, TLGY, the Former Sponsor, the Current Sponsors and the other parties thereto, entered into a Securities Transfer Agreement, pursuant to which, at a closing held on June 19, 2024, the Current Sponsors, for an aggregate purchase price of $1.00, purchased (i) 3,542,305 Founder Shares from the Former Sponsor, certain investors who held the Founder Shares, and three previous independent directors of TLGY, and (ii) 3,940,825 Private Placement Warrants from the Former Sponsor. After the completion of the IPO through the closing of the Securities Transfer Transaction, TLGY’s prior management (“ Prior TLGY Management”) sought potential candidates for a business combination. During this search process, representatives of TLGY regularly updated and received input from prior members of the TLGY Board (“ Prior TLGY Board Members”) on the status of the search process. Certain Prior Board Members were regular participants in the ongoing meetings and discussions with representatives of several potential target opportunities. Prior TLGY Management was led by Jin -GoonKim (the current Chairman of TLGY), a former partner of TPG Capital and a former CEO of industry leaders in Asia, including Dell Korea and Li Ning, along with co -presidentsDr. Theron E. Odlaug and Steven Norman who have helped run, build, and invest in leading public and private companies in the global healthcare and technology -enabledconsumer sectors, respectively. Mr. Kim served as the Chief Executive Officer of TLGY until the consummation of the Securities Transfer Transaction and Messrs. Odluaug and Norman served as co -presidentsof TLGY until their resignation on April 19, 2023 and March 28, 2024, respectively. 108 Terminated Business Combination with Verde Bioresins, Inc. Prior to the closing of the Securities Transfer Transaction, the Prior TLGY Board Members