Company: TLGYF
Filing Date: 2025-03-26
Form Type: PRE 14A
Source: 0001104659-25-028287
Chunk: 6

Company: TLGY ACQUISITION CORP
Filing Date: 2025-03-26
Form: PRE 14A
Chunk 6
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 (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the trust account (less taxes payable and up to $100,000 of interest to pay dissolution expenses), divided by the number of then issued and outstanding public shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any) and (iii) as promptly as reasonably possible following such redemption, subject to the approval of our remaining shareholders and our board of directors, liquidate and dissolve, subject, in the case of clauses (ii) and (iii), to our obligations under Cayman Islands law to provide for claims of creditors and in all cases subject to the other requirements of applicable law. There will be no redemption rights or liquidating distributions with respect to our warrants, which will expire worthless if we fail to complete our initial business combination before the Termination Date.

Our current Sponsors beneficially own an aggregate of 4,126,215 Founder Shares and Jin-Goon Kim, the Chairman of our Board of Directors and the manager of the manager of our former sponsor, TLGY Sponsors LLC, beneficially owns 981,552 Founder Shares. Our Sponsors, the former sponsor, and all of our directors and officers are expected to vote any ordinary shares owned by them in favor of each of the proposals presented at the Extraordinary General Meeting. On the record date, our Sponsors, former sponsor and our directors and officers beneficially owned and were entitled to vote an aggregate of 5,107,767 Founder Shares, representing approximately 54% of the Company’s issued and outstanding ordinary shares. In addition, our current Sponsors own an aggregate of 3,940,825 private placement warrants, which we refer to as the “Private Placement Warrants,” that were purchased from the former sponsor, and the former sponsor owns 7,318,675 Private Placement Warrants. In the event of a liquidation, our Sponsors, former sponsor, officers and directors, and anchor investors will not receive any monies held in the Trust Account as a result of their ownership of the Founder Shares or the Private Placement Warrants.

Approval of each of the Charter Amendment Proposals require a special resolution under the Companies Act (As Revised) of