Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 1250

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 1250
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 to be issued in the Transactions pursuant to the Agreement. We have not been asked to, nor do we, offer any opinion as to the terms, other than the Consideration to the extent expressly specified herein, of the Agreement or any related documents or the form of the Transactions or any related transaction (including any agreement or transaction between any Excluded Party and the Company or the SPAC), including the fairness of the Transactions to, or any consideration received in connection therewith by, any Excluded Parties, the holders of any class of securities, creditors or other constituencies of the SPAC, the Company or any of their respective affiliates. We have not been asked to, nor do we, offer any opinion with respect to any ongoing obligations of the Company, the SPAC or any of their respective affiliates (including any obligations with Annex M-5 respect to governance, appraisal rights, preemptive rights, registration rights, voting rights or otherwise) contained in any reviewed Transactions Document or any other agreement related to the Transactions or under applicable law, any allocation of the Consideration (or any portion thereof) or the fair market value of the Company, the SPAC, any the SPAC Ordinary Shares or the Company Stock. In addition, we express no opinion as to the fairness of the amount or nature of any compensation to be received by any officers, directors or employees of any parties to the Transactions, any Excluded Parties or any class of such persons, whether relative to the Consideration or otherwise. Our Opinion (a) does not address the individual circumstances of specific holders of the SPAC securities (including the SPAC Class B Ordinary Shares) with respect to rights or aspects which may distinguish such holders or the SPAC securities (including the SPAC Class B Ordinary Shares) held by such holders, (b) does not address, take into consideration or give effect to any existing or future rights, preferences, restrictions or limitations or other attributes of any such securities (including the SPAC Class B Ordinary Shares) or holders (including the SPAC Sponsor), (c) does not address any impact of the Transactions on any particular SPAC Class A Ordinary Shareholder, other than in its capacity as a SPAC Class A Ordinary Shareholder, and (d) does not in any way address proportionate allocation or relative fairness (including, without limitation, the allocation of any consideration among or within any classes or groups of security holders or other constituents of the SPAC or any other party). We also do not address, or express a view with respect to, any