Company: TLGYF
Filing Date: 2025-03-26
Form Type: PRE 14A
Source: 0001104659-25-028287
Chunk: 48

Company: TLGY ACQUISITION CORP
Filing Date: 2025-03-26
Form: PRE 14A
Chunk 48
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 any point prior to the closing of an initial business combination at the election of the holder. Notwithstanding the conversion, the Sponsors will not be entitled to receive any monies held in the Trust Account as a result of their ownership of any Class A ordinary shares.

A copy of the proposed amendment to the Charter is attached to this Proxy Statement in Annex A .

Consequences if the Founder Share Amendment Proposal is Not Approved

If the Founder Share Amendment Proposal is not approved, the holders of Class B ordinary shares will not be able to convert Class B ordinary shares to Class A ordinary shares prior to the completion of an initial business combination. If the Founder Share Amendment Proposal is not approved, we believe it may reduce our flexibility in retaining investors.

#### Vote Required for Approval
Approval of the Founder Share Amendment Proposal requires the affirmative vote by special resolution of the holders of a majority of at least two-thirds of our ordinary shares who attend and vote at the Extraordinary General Meeting, including the Founder Shares.

The Founder Share Amendment Proposal is cross-conditioned on the approval of the Extension Proposal. Accordingly, even if the Founder Share Amendment Proposal is approved, the Founder Share Amendment will not be implemented if the Extension Proposal is not approved.

Notwithstanding shareholder approval of the Founder Share Amendment Proposal, our Board will retain the right to not implement the Founder Share Amendment and the other Charter Amendments at any time without any further action by our shareholders.

#### Recommendation of the Board
<div align='center'>OUR BOARD UNANIMOUSLY RECOMMENDS THAT OUR SHAREHOLDERS VOTE “FOR” THE APPROVAL OF THE FOUNDER SHARE AMENDMENT PROPOSAL.

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### THE CONTINGENT RIGHT PROPOSAL

### Overview
The Company is proposing to detach and cancel the contingent rights to receive distributable redeemable warrants, which are currently attached to the non-redeemed Class A ordinary shares. The purpose of the Contingent Right Proposal is to optimize the Company’s capital structure to make it more attractive to a potential target business.

Consequences if the Contingent Right Proposal is Not Approved

If the Contingent Right Proposal is not approved, then we will effect a pro-rata distribution to our public shareholders of distributable redeemable warrants immediately after the initial business combination redemption time and immediately prior to the closing of our initial business combination. Public shareholders who elect not to redeem some or all of their shares in connection with this proxy solicitation, and on any later redemption date, would be entitled to their pro rata portion of