Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 546

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 546
---
0.04 per warrant was used as the fair value as of the relevant date. The terms of the Private Placement Warrants are analogous to the Public Warrants with the exception that they are not redeemable. As such, these warrants were valued using a modified Black -Scholesmodel.

F-25

TLGY ACQUISITION CORPORATION
NOTES TO THE CONDENSED FINANCIAL STATEMENT S
SEPTEMBER 30, 2025 (UNAUDITED) NOTE 9 — FAIR VALUE MEASUREMENTS (cont.) The table below provides a summary of the changes in fair value, including net transfers in and/or out, of all financial assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the nine months ended September 30, 2025:

|                                                        |     | Fair Value    
 Measurement   
 Using Level 3 
 Inputs Total  |            |
|:-------------------------------------------------------|:----|:--------------|-----------:|
| Balance, December 31, 2024                             |     | $             |    226,316 |
| Change in fair value of derivative warrant liabilities |     |               | 13,285,084 |
| Balance, September 30, 2025                            |     | $             | 13,511,400 |

The table below provides a summary of the changes in fair value, including net transfers in and/or out, of all financial assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the nine months ended September30, 2024:

|                                                        |     | Fair Value    
 Measurement   
 Using Level 3 
 Inputs Total  |         |
|:-------------------------------------------------------|:----|:--------------|--------:|
| Balance, December 31, 2023                             |     | $             | 188,472 |
| Change in fair value of derivative warrant liabilities |     |               |  81,756 |
| Balance, September 30, 2024                            |     | $             | 270,228 |

The key inputs into the Monte Carlo simulation model and the modified Black -Scholesmodel to value the derivative warrant liabilities were as follows:

|                                          |     |   | September 30, 
          2025 |   |     |   | December 31, 
         2024 |   |
|:-----------------------------------------|:----|:--|--------------:|:--|: