Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 345

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 345
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1) the amount of cash received by such U.S. Holder in the Redemption with respect to such U.S. Holder’s redeemed Public Shares and (2) such U.S. Holder’s adjusted tax basis in the redeemed Public Shares. Such gain or loss generally will be capital gain or loss and will be long -termcapital gain or loss if such U.S. Holder’s holding period for the redeemed Public Shares is more than one year at the time of the Redemption. Long -termcapital gains recognized by non -corporateU.S. Holders generally are subject to U.S. federal income tax at a reduced rate of tax (compared to ordinary income). The deductibility of capital losses is subject to limitations. Tax Consequences if the Redemption Is Not Treated as a Sale with Respect to the Redeemed U.S. Holder If the Redemption is not treated as a sale pursuant to the rules described above under “— In General” with respect to a U.S. Holder who exercises redemption rights and participates in the Redemption, then the Redemption generally will be treated as a distribution by TLGY with respect to such U.S. Holder. Subject to the PFIC rules discussed below under “— Passive Foreign Investment Company Rules”, the amount of cash that is paid to such U.S. Holder in the Redemption with respect to such U.S. Holder’s redeemed Public Shares out of TLGY’s current or accumulated earnings and profits (as determined for U.S. federal income tax purposes) generally will be includible in such U.S. Holder’s taxable income as dividend income, and generally will not be eligible for the dividends -receiveddeduction allowed to corporations under the Code. The amount of such cash received by such U.S. Holder in the Redemption in excess of the amount so treated as dividends generally will be applied against and reduce such U.S. Holder’s tax basis in such U.S. Holder’s TLGY Ordinary Shares (but not below zero) and, to the extent in excess of such tax basis, will be treated as gain from the sale or exchange of the applicable TLGY Ordinary Shares (see “— Tax Consequences if the Redemption Is Treated as a Sale with Respect to the Redeemed U.S. Holder” above). Because TLGY does not expect to maintain calculations of TLGY’s earnings and profits in accordance with U.S. federal income tax principles, U.S. Holders should expect that amounts treated as distributions generally will be treated as dividends for U.S. federal income tax purposes. With respect to a U.S. Holder that is