Company: TLGYF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108215
Chunk: 40

Company: TLGY ACQUISITION CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 40
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 underwriting fees paid at our IPO, $8,650,000 of deferred
underwriting fees (the “Deferred Underwriting Fees”) and $1,533,689 of offering expenses. In May 2024, we entered into a
certain waiver with Mizuho Securities USA LLC (“Mizuho Waiver”), pursuant to which Mizuho agreed to waive the Deferred Underwriting
Fees and agreed to forfeit all of the 300,300 Class B ordinary shares received by it as compensation in connection with the IPO. We believe
that Mizuho was acting as a representative of all of the underwriters on the IPO when it waived the Deferred Underwriting Fees. The forfeiture
of the 300,300 Class B ordinary shares was completed on June 30, 2025 and is reflected in the condensed statement of changes in shareholders
deficit.

On February 23, 2023, the Company
held an extraordinary general meeting of its shareholders (the “First Extension Meeting), at which its shareholders approved an
amendment to the Amended and Restated Memorandum and Articles of Association of the Company (the “Articles”) to, among other
things, extend the time it had to complete an initial Business Combination, and in connection therewith, 15,681,818 Class A ordinary
shares were rendered for redemption. The Class A ordinary shares were redeemed at a price of approximately $10.40 per share.

26

On October 17, 2023, the Company
held an annual general meeting of its shareholders (the “Second Extension Meeting”), at which its shareholders approved a
further amendment to the Articles to, among other things, extend the time it had to complete an initial Business Combination, and in
connection therewith, 1,395,317 Class A ordinary shares were rendered for redemption. The Class A ordinary shares were redeemed at a
per-share price of approximately $10.96 per share.

On April 16, 2024, the Company
held an extraordinary general meeting of its shareholders (the “Third Extension Meeting”), at which its shareholders approved
a further amendment to the Articles to, among other things, extend the time it had to complete an initial Business Combination, and in
connection therewith, 2,205,658 Class A ordinary shares were rendered for redemption. The Class A ordinary shares were redeemed at a
per-share price, of approximately $11.33 per share.

On April 15, 2025, the Company