Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 480

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 480
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 of $25,000. On August 7, 2021, the Former Sponsor surrendered and forfeited 718,750 Founder Shares for no consideration, following which the Former Sponsor held 5,031,250 Founder Shares. On November 30, 2021, TLGY effected a further issuance of Founder Shares, resulting in the Former Sponsor holding an aggregate of 5,750,000 Founder Shares. Concurrent with the closing of the Initial Public Offering, the Former Sponsor transferred 30,000 TLGY Class B Ordinary Shares to each of the three initial independent directors, at an aggregate purchase price of $150, or approximately $0.005 per share. During the period ended December 31, 2021, TLGY recorded share -basedcompensation of $569,868 to the statements of operations for services rendered. Pursuant to the Securities Transfer Agreement, by and between TLGY, the Former Sponsor, TLGY Sponsors LLC, and the Current Sponsor, at a closing on June 19, 2024, the Current Sponsors (i) purchased 3,542,305 Founder Shares from the Former Sponsor, certain investors who held the Founder Shares, and three previous independent directors of TLGY, and (ii) purchased 3,940,825 Private Placement Warrants from the Former Sponsor. Following the completion of the Securities Transfer Transaction, the Current Sponsors held and controlled 4,126,215 Founder Shares and 3,940,825 Private Placement Warrants. On April 18, 2025, pursuant to the terms of the TLGY Organizational Documents, the Current Sponsors and the Former Sponsor elected to convert all of their outstanding TLGY Class B Ordinary Shares on a one -for -onebasis into TLGY Class A Ordinary Shares. Pursuant to the Letter Agreement, each of the Founder Shareholders have agreed, subject to limited exceptions, not to transfer, assign or sell any of the Founder Shares and any TLGY Class A Ordinary Shares issuable upon conversion thereof until the earlier to occur of: (A) one year after the completion of a Business Combination and (B) subsequent to a Business Combination, (x) if the last reported sale price of the TLGY Class A Ordinary Shares equals or exceeds $12.00 per share (as adjusted for stock splits, stock capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30 -tradingday period commencing at least 150 days after a Business Combination, or