Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 303

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 303
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 Assets or TLGY), including the fairness of the Transactions to, or any consideration received in connection therewith by, any Excluded Parties, the holders of any class of securities, creditors or other constituencies of TLGY, the Company or any of their respective affiliates. Scalar was not asked to, nor did it, offer any opinion with respect to any ongoing obligations of SC Assets, TLGY or any of their respective affiliates (including any obligations with respect to governance, appraisal rights, preemptive rights, registration rights, voting rights or otherwise) contained in any reviewed Transactions Document or any other agreement related to the Transactions or under applicable law, any allocation of the Consideration (or any portion thereof) or the fair market value of SC Assets, TLGY, any TLGY Ordinary Shares or SC Assets Common Stock. In addition, Scalar expressed no opinion as to the fairness of the amount or nature of any compensation to be received by any officers, directors or employees of any parties to the Transactions, any Excluded Parties or any class of such persons, whether relative to the Consideration or otherwise. Scalar’s Opinion (i) did not address the individual circumstances of specific holders of TLGY securities (including the TLGY Class B Ordinary Shares) with respect to rights or aspects which may distinguish such holders or TLGY securities (including the TLGY Class B Ordinary Shares) held by such holders, (ii) did not address, take into consideration or give effect to any existing or future rights, preferences, restrictions or limitations or other attributes of any such securities (including the TLGY Class B Ordinary Shares) or holders (including the Sponsors), (iii) did not address any impact of the Transactions on any particular Public Shareholder, other than in its capacity as a Public Shareholder, and (iv) did not in any way address proportionate allocation or relative fairness (including, without limitation, the allocation of any consideration among or within any classes or groups of security holders or other constituents of TLGY or any other party). Scalar also did not address, or express a view with respect to, any acquisition of control or effective control of TLGY by any shareholder or group of shareholders of SC Assets. Scalar’s opinion should not be construed as creating any fiduciary duty of Scalar (or any of its affiliates) to any other party. Except for the Fairness Opinion, Scalar does not express any view or opinion as to (i) any other term, aspect or implication of (a) the Business Combination (including, without limitation, the form or structure