Company: TLGYF
Filing Date: 2025-03-26
Form Type: PRE 14A
Source: 0001104659-25-028287
Chunk: 20

Company: TLGY ACQUISITION CORP
Filing Date: 2025-03-26
Form: PRE 14A
Chunk 20
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 shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any) and (iii) as promptly as reasonably possible following such redemption, subject to the approval of our remaining shareholders and our board of directors, liquidate and dissolve, subject, in the case of clauses (ii) and (iii), to our obligations under Cayman Islands law to provide for claims of creditors and in all cases subject to the other requirements of applicable law. There will be no redemption rights or liquidating distributions with respect to our warrants, which will expire worthless if we fail to complete our initial business combination before the Termination Date. 
 There will be no distribution from the Trust Account with respect to our warrants, which will expire worthless in the event of our winding up. In the event of a liquidation, our Sponsors, former sponsor and our officers and directors and anchor investors will not receive any monies held in the Trust Account as a result of their ownership of the Founder Shares and Private Placement Warrants.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | ​ |
| ​ | Why is the Company proposing the Redemption Limitation Amendment Proposal? | ​ | ​ | The sole purpose of the Redemption Limitation Amendment Proposal is to eliminate from the Charter the Redemption Limitation. The Board believes that it is in the best interests of the Company and its shareholders for the Company to be allowed to effect redemptions and consummate an initial business combination irrespective of the Redemption Limitation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | ​ |
| ​ | Why is the Company proposing the Founder Share Amendment Proposal?         | ​ | ​ | The sole purpose of the Founder Share Amendment Proposal is to provide the holders of the Class B ordinary shares with flexibility to assist the Company in retaining investors. 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. Approval of the Extension Proposal and, if necessary, the Adjournment Proposal is a condition to the implementation of the Charter Amendments.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | ​ |

14

| ​ | Why is the Company proposing the Contingent Right Proposal?      | ​ | ​ | The Board has determined that is in the best interests of our shareholders that the Contingent Right Proposal be obtained to optimize the Company’s capital structure to make it more attractive to a potential target business                                                                                                                                                                                                                                                                                                                                                                   | ​ |
| ​ | Why is the Company proposing the Adjourn