Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 1127

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 1127
---
, the “ Transaction Documents”). The Transaction Documents provide, among other things, that: (a)SPAC Class A Ordinary Shares (the “ SPAC Public Shares”) held by the SPAC Public Shareholders who duly elect to redeem their SPAC Public Shares pursuant to the redemption right will have their SPAC Public Shares redeemed and cancelled and such SPAC Public Shareholders will cease to have any rights as shareholders of the SPAC other than the right to be paid their portion of the Redemption Amount; (b)At the Effective Time, the SPAC will merge with and into the SPAC Merger Sub, with the SPAC Merger Sub continuing as the surviving company (the “ SPAC Merger”) 1, with the SPAC Shareholders receiving one share of Pubco Class A Stock for each SPAC Class A Ordinary Share held by such shareholder (provided the Founder Shares are subject to adjustment as outlined in the Agreement and Ancillary Documents); (c)Immediately following the SPAC Merger, Company Merger Sub will merge with and into the Company, with the Company continuing as the surviving company (the “ Company Merger”, and together with the SPAC Merger, the “ Mergers”, and together with the other transactions contemplated by the Transaction Documents and the PIPE Investments, the “ Transactions”) and as a result of the Mergers, SPAC and the Company will become wholly owned subsidiaries of Pubco and Pubco will become a publicly traded company, all upon the terms and subject to the conditions set forth in the Agreement. ____________ 1Pursuant to the terms of the Agreement, the surviving entity of the merger between the SPAC Merger Sub and the SPAC may become the SPAC. Such reconfiguration of the surviving entity of the SPAC Merger will not result in a change of the determinations made in this Opinion. Annex M-1 (d)Simultaneously with the execution and delivery of the Agreement, in connection with the Transactions, Pubco, SPAC, the Company and each Sponsor are entering into the Sponsor Support Agreement, providing that, among other things, (a) following the consummation of the SPAC Merger, the Sponsors will exchange certain shares of Pubco Class A Stock issued to them in respect of their Exchanged Founder Shares for Pubco Class B Stock and the right to receive Earnout Shares from Pubco in consideration for such Exchanged Founder Shares and (b) following the consummation of the SPAC Merger, the S