Company: TLGYF
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001104659-25-032443
Chunk: 11

Company: TLGY ACQUISITION CORP
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 11
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 the accompanying Proxy Statement. The Founder Share Amendment Proposal, the Redemption Limitation Amendment Proposal and the Contingent Right Proposal are cross-conditioned on the approval of the Extension Proposal. The Extension Proposal and the Adjournment Proposal are not conditioned on the approval of any other proposal.

The purpose of the Extension Proposal and, if necessary, the Adjournment Proposal, is to allow us to complete a business combination. The Company’s board of directors (the “Board” or “Board of Directors”) currently believes that there will not be sufficient time to complete a business combination within the time provided in its current Charter. Accordingly, the Board has determined that it is in the best interests of the Company’s shareholders to extend the outside date as provided in the Extension 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.

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 Charter Amendment Proposals and, if necessary, the Adjournment Proposal is a condition to the implementation of the Charter Amendments.

The purpose of the Contingent Right Proposal is to optimize the Company’s capital structure to make it more attractive to a potential target business.

In the event that we enter into a definitive agreement for an initial business combination prior to the Extraordinary General Meeting, we will issue a press release and file a Current Report on Form 8-K with the U.S. Securities and Exchange Commission (the “SEC”) announcing the proposed business combination. If the Extension Proposal is approved and implemented, we intend to complete a business combination as soon as possible and in any event within twelve months from the first extension payment made in accordance with the terms of the Extension Proposal (the “Termination Date”).

In connection with the Extension Proposal, public shareholders may elect to redeem their public shares for a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest not previously released to the Company to pay its franchise and income taxes, divided by the number of then outstanding Class A ordinary shares issued