Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 1132

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 1132
---
 verification and without expressing any view, opinion, representation, guaranty or warranty (in each case, express or implied)) the assessments, judgments and estimates of the SPAC’s senior management as to, among other things, (a) the potential impact on the Company of market, competitive and other trends in and prospects for, and governmental, regulatory and legislative matters relating to or affecting, the industry in which the Company operates and related industries, (b) the Company’s existing and future products, services, technology and intellectual property and the associated risks thereto (including, without limitation, the probabilities and timing of successful development and marketing thereof; the timing of successful regulatory approvals and clearances; compliance with relevant regulatory requirements; prospective sales prices and sales volumes; and the potential impact of competition thereon) and (c) the SPAC’s and the Company’s existing and future relationships, agreements and arrangements with, and the ability to attract, retain and/or replace, key employees, suppliers and other commercial relationships (in each such case to the extent relevant to the Company, the Transactions and its contemplated benefits). We have assumed that there will not be any developments with respect to any of the foregoing matters that would have an adverse effect on the SPAC, the Company or the Transactions (including the contemplated benefits thereof) or that otherwise would be meaningful in any respect to our analyses or opinion. Given the SPAC’s nature as a special purpose acquisition company, for purposes of our Opinion and with the SPAC’s consent, we have assumed a value of $12.35 per share of Pubco Class A Stock in calculating the value of the Pubco Class A Stock to be issued as part of the Consideration under the Agreement, with such $12.35 per share value being based on (a) the value of the cash held in the SPAC’s Trust Account as of June 30, 2025 which was $6,051,707, dividedby (b) 489,887, which is the number of outstanding SPAC Public Shares subject Annex M-4 to redemption as of June 30, 2025. In rendering our Opinion, we do not express any view or opinion as to what the value of any Pubco Class A Stock will be when issued pursuant to the Transactions or the price or range of prices at which any the SPAC Class A Ordinary Shares, the SPAC Class B Ordinary Shares, or other securities or financial instruments of or relating to the SPAC or the Transactions, including the ENA Tokens, which