Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 544

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 544
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measurement, the warrant liability will be adjusted to fair value, with the change in fair value recognized in the Company’s statements of operations. The Company will reassess the classification at each balance sheet date. F-24

TLGY ACQUISITION CORPORATION
NOTES TO THE CONDENSED FINANCIAL STATEMENT S
SEPTEMBER 30, 2025 (UNAUDITED) NOTE 8 — WARRANTS LIABILITIES (cont.) If the classification changes as a result of events during the period, the warrants will be reclassified as of the date of the event that causes the reclassification. As of September 30, 2025 and December 31, 2024, the derivative warrant liability was $27,311,400 and $457,466, respectively. In connection with the Transactions and pursuant to the terms of the Sponsor Support Agreement, the holders of the Private Placement Warrants have agreed to forfeit all of the Private Placement Warrants in exchange for Earnout Shares. See Note 5 for additional information. NOTE 9 — FAIR VALUE MEASUREMENTS The following table presents information about the Company’s assets and liabilities that are measured at fair value at September 30, 2025 and December 31, 2024, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

|                                                | Description |   | Level |   | September 30, 
          2025 |     |   | Level |   | December 31, 
         2024 |
|:-----------------------------------------------|:------------|--:|:------|:--|--------------:|:----|--:|:------|:--|-------------:|
| Assets:                                        |             |   |       |   |               |     |   |       |   |              |
| Cash and Investments held in Trust Account     |             | 1 |       | $ |     6,210,376 |     | 1 |       | $ |   44,332,605 |
| Liabilities:                                   |             |   |       |   |               |     |   |       |   |              |
| Warrant liability – Private Placement Warrants |             | 3 |       |   |    13,511,400 |     | 3 |       |   |      226,316 |
| Warrant liability – Public Warrants            |             | 1 |       |   |    13,800,