Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 528

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 528
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| Class A Redeemable ordinary shares                                 |     |   |               |   |     |   |               |
| Numerator: Allocation of net income (loss)                         |     | $ |   (18,625,778 | ) |     | $ |       665,003 |
| Denominator: Basic and diluted weighted average shares outstanding |     |   |     5,257,563 |   |     |   |     4,578,541 |
| Basic and diluted net income (loss) per Class A Ordinary Shares    |     | $ |         (3.54 | ) |     | $ |          0.15 |
| Class B Non-redeemable ordinary shares                             |     |   |               |   |     |   |               |
| Numerator: Allocation of net income (loss)                         |     | $ |    (8,567,886 | ) |     | $ |       835,150 |
| Denominator: Basic and diluted weighted average shares outstanding |     |   |     2,418,487 |   |     |   |     5,750,000 |
| Basic and diluted net income per Class B Ordinary Shares           |     | $ |         (3.54 | ) |     | $ |          0.15 |

Income Taxes The Company follows the asset and liability method of accounting for income taxes under ASC 740, “ Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as September