Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 1131

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 1131
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 respect to the Transactions, including whether all procedures required by law in connection with the Transactions have been duly, validly and timely taken. We have also assumed that the Transactions will have the tax consequences described in discussions with, and materials furnished to us by, representatives of the Company or the SPAC and that (i) the Mergers, the PIPE Financing, and the Bridge Note Exchange will collectively be treated as an integrated transaction qualifying under Section 351(a) of the Code, (ii) the Company Merger qualifies as a “reorganization” within the meaning of Section 368(a) of the Code, and (iii) the Agreement constitutes a “plan of reorganization” within the meaning of Section 368 of the Code and Treasury Regulations promulgated thereunder. We are not legal, accounting, regulatory or tax experts and this Opinion does not address any legal, regulatory, taxation or accounting matters as to which we understand that you have obtained such advice as you deemed necessary from qualified professionals, and we have assumed the accuracy and veracity of all assessments made by such advisors to the Company or the SPAC with respect to such matters. In arriving at our Opinion, with your consent and without independent verification, we have relied upon the assumption that, except as would not be in any way meaningful to our analysis: (a) the final form of each of the Transaction Documents, as executed by the parties thereto, will not differ from the draft that we have reviewed, (b) the representations and warranties of all parties to the Transaction Documents are correct and that such parties will comply with and perform all covenants and agreements required to be complied with or performed by such parties under the Transaction Documents, (c) the Transactions will be consummated in accordance with the terms of the Transaction Documents without any waiver or amendment of any term or condition thereof, (d) and there has been no material change in the assets, financial condition, business or prospects of any party to the Transaction Documents since the date of the most recent financial statements and other information made available to us. Additionally, we have assumed that all governmental, regulatory or other third -partyapprovals and consents necessary for the consummation of the Transactions or otherwise contemplated by the Agreement will be obtained without delay, limitation, restriction or condition and otherwise in a way that will not have any adverse effect on the Company or the SPAC, or on the expected benefits of the Transactions, in any way meaningful to our analysis. In addition, we have relied upon (without independent