Company: TLGYF
Filing Date: 2025-03-26
Form Type: PRE 14A
Source: 0001104659-25-028287
Chunk: 12

Company: TLGY ACQUISITION CORP
Filing Date: 2025-03-26
Form: PRE 14A
Chunk 12
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 amount then on deposit in the Trust Account, including interest not previously released to the Company to pay its franchise and income taxes, divided by the number of then outstanding Class A ordinary shares issued in our IPO and which election we refer to as the “Election,” regardless of whether such public shareholders vote on the Extension Proposal. Any redemptions by the Company as a result of an Election shall be conditioned on the approval of the Extension Proposal by the requisite vote of shareholders and implementation of the Extension by the Company.

If the Extension Proposal is approved and the Contingent Right Proposal is not approved, immediately after the initial business combination redemption time and immediately prior to the closing of our initial business combination, we will effect a pro-rata distribution to our public shareholders of distributable redeemable warrants, as described in our Annual Report on Form 10-K filed with the SEC on March 5, 2025. Public shareholders who elect not to redeem some or all of their shares in connection with this proxy solicitation, and on any later redemption date, would be entitled to their pro rata portion of the distributable

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redeemable warrants upon such distribution. The aggregate amount of distributable redeemable warrants available for distribution would remain unchanged. Therefore, any redemption requests made in connection with the Extension Proposal and the initial business combination would increase the pro rata share of distributable redeemable warrants to be distributed to each public shareholder with respect to any shares not redeemed by such shareholder. Notwithstanding the conversion of the Founder Shares to Class A ordinary shares that may occur if the Founder Shares Amendment Proposal is approved, none of the former Founder Shares will be entitled to receive any distributable redeemable warrants upon a distribution.

We cannot predict the amount that will remain in the Trust Account if the Extension Proposal is approved and the amount remaining in the Trust Account may be only a small fraction of the approximately $[ ] million that was in the Trust Account as of [ ], 2025, the record date. Any redemptions by the Company as a result of an Election shall be conditioned on the approval of the Extension Proposal by the requisite vote of shareholders and implementation of the Extension by the Company.

If the Extension Proposal is approved by the requisite vote of shareholders, the remaining holders of public shares will retain their right to redeem their public shares when a business combination is submitted to the shareholders, subject to any limitations set forth in the Charter as amended by the Charter Amendments. In addition, if the Extension Proposal is approved, public shareholders