Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 408

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 408
---
, officers and directors, or any of their respective affiliates will be reimbursed for any out -of -pocketexpenses incurred in connection with activities on its behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. TLGY’s audit committee reviews on a quarterly basis all payments that were made to its Sponsors, officers or directors, or its or their affiliates. Any such payments prior to an initial business combination will be made from funds held outside the trust account. Other than quarterly audit committee review of such reimbursements, TLGY does not expect to have any additional controls in place governing its reimbursement payments to its directors and officers for their out -of -pocketexpenses incurred in connection with its activities on its behalf in connection with identifying and consummating an initial business combination. Other than these payments and reimbursements, no compensation of any kind, including finder’s and consulting fees, will be paid by the company to TLGY’s sponsor, officers and directors, or any of their respective affiliates, prior to completion of its initial business combination. After the completion of TLGY’s initial business combination, directors or members of its management team who remain with TLGY may be paid consulting or management fees from the combined company. All of these fees will be fully disclosed to shareholders, to the extent then known, in the proxy solicitation materials or tender offer materials furnished to its shareholders in connection with a proposed initial business combination. TLGY have not established any limit on the amount of such fees that may be paid by the combined company to its directors or members of management. It is unlikely the amount of such compensation will be known at the time of the proposed initial business combination, because the directors of the post -combinationbusiness will be responsible for determining officer and 188

director compensation. Any compensation to be paid to TLGY’s officers will be determined, or recommended to the board of directors for determination, either by a compensation committee constituted solely by independent directors or by a majority of the independent directors on its board of directors. TLGY does not intend to take any action to ensure that members of its management team maintain their positions with TLGY after the consummation of its initial business combination, although it is possible that some or all of its officers and directors may negotiate employment or consulting arrangements to remain with TLGY after its initial business combination. The existence or terms of any such employment or consulting arrangements to retain their positions with TLGY may influence TLGY’s management’s motivation in identifying or selecting a target business but TLGY does not believe that