Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 295

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 295
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’s securities being worthless. • Each of Christina Favilla, Enrique Klix and Niraj Javeri: Each of Christina Favilla, Enrique Klix and Niraj Javeri, independent directors of TLGY, holds 20,000 Founder Shares. In the event that the Business Combination is not achieved, TLGY may be unable to consummate a business combination and be forced to redeem the Public Shares for a pro rata portion of the funds held in the Trust Account, resulting in each of Mme. Favilla, and Messrs. Klix and Javeri’s investments being worthless. • 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 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