Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 554

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 554
---
 rate                  |     |   |         4.19 | % |     |   |         4.83 | % |
| Expected life of warrants                |     |   |   1.32 years |   |     |   |   5.48 years |   |
| Expected volatility of underlying shares |     |   | de minimis % |   |     |   | de minimis % |   |
| Dividend yield                           |     |   |         0.00 | % |     |   |         0.00 | % |
| Probability of business combination      |     |   |        10.00 | % |     |   |        50.00 | % |

As of December 31, 2024 and 2023, the derivative warrant liability was $457,466 and $352,772, respectively. In addition, for the year ended December 31, 2024 and 2023, respectively, the Company recorded a loss of $104,694, and a gain of $99,215 on the change in fair value of the derivative warrant liabilities on the statements of operations.

F-56

TLGY ACQUISITION CORPORATION
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 2024 NOTE 10— SEGMENT INFORMATION ASC Topic 290, “Segment Reporting,” establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic areas, and major customer. Operating segments are defined as components of an enterprise that engage in business activities from which it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate resources and assess performance. The Company’s chief operating decision maker (“CODM”) has been identified as the Chief Executive Officer, who reviews the assets, operating results, and financial metrics for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company only has one operating segment. When evaluating the Company’s performance and making key decision regarding resource allocation, the CODM reviews several key metrics, which include the following:

|                                    |     | For the      
 Year Ended   
 December 31, 
 2024         |           |
|:-----------------------------------|:----|:-------------|----------:|
| EXPENSES                           |     |              |           |
| Administration fee – related