Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 593

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 593
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 NOTE 10— SEGMENT INFORMATION ASC Topic 290, “Segment Reporting,” establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic areas, and major customer. Operating segments are defined as components of an enterprise that engage in business activities from which it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate resources and assess performance. The Company’s chief operating decision maker (“CODM”) has been identified as the Chief Executive Officer, who reviews the assets, operating results, and financial metrics for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company only has one operating segment. When evaluating the Company’s performance and making key decision regarding resource allocation, the CODM reviews several key metrics, which include the following:

|                                    |     | For the      
 Year Ended   
 December 31, 
 2024         |           |
|:-----------------------------------|:----|:-------------|----------:|
| EXPENSES                           |     |              |           |
| Administration fee – related party |     | $            |    60,000 |
| General and administrative         |     |              | 1,071,437 |
| TOTAL EXPENSES                     |     | $            | 1,131,437 |

The key measures of segment profit or loss reviewed by the CODM are administrative fee — related party and general and administrative expenses are reviewed and monitored by the CODM to management and forecast cash to ensure enough capital is available to complete an Initial Public Offering and eventually a Business Combination within the business combination period. The CODM also reviews formation and operational costs to manage, maintain, and enforce all contractual agreements to ensure costs are aligned with all agreement and budget. NOTE 11 — SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to March 5, 2025, the date that the financial statements were available to be issued. Based upon this review, the Company did not identify any other subsequent events that would have required adjustment to or disclosure in the financial statements. On January 3, 2025, Mr. Kwong Cho Ho was appointed as the Chief Financial Officer of the Company. On January 16, 2025, in order to deposit the monthly extension payment to extend the period of time that the Company has to complete its initial business combination