Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 552

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 552
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   |              |     |   |       |   |              |
| Investments held in Trust Account              |             | 1 |       | $ |   44,332,605 |     | 1 |       | $ |   65,954,638 |
| Liabilities:                                   |             |   |       |   |              |     |   |       |   |              |
| Warrant liability – Private Placement Warrants |             | 3 |       |   |      226,316 |     | 3 |       |   |      188,472 |
| Warrant liability – Public Warrants            |             | 1 |       |   |      231,150 |     | 1 |       |   |      164,300 |

The Public Warrants and the Private Placement Warrants were accounted for as liabilities in accordance with ASC 815 -40and are presented within liabilities on the balance sheets. The warrant liabilities are measured at fair value at inception and on a recurring basis, with changes in fair value presented within change in fair value of warrant liabilities in the statements of operations. Upon issuance, the Company used a Monte Carlo simulation model to value the Public Warrants. The Company utilized a modified Black -Scholesmodel to value the Private Placement Warrants. The Company allocated the proceeds received from (i) the sale of Units (which is inclusive of one Class A ordinary share and one -halfof one

F-55

TLGY ACQUISITION CORPORATION
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 2024 NOTE 9 — FAIR VALUE MEASUREMENTS (cont.) Public Warrant), (ii) the sale of Private Warrants, and (iii) the issuance of Class B ordinary shares, first to the warrants based on their fair values as determined at initial measurement, with the remaining proceeds allocated to Class A ordinary shares subject to possible redemption (temporary equity) and Class B ordinary shares (permanent equity) based on their relative fair values at the initial measurement date. Upon issuance, the Public Warrants and the Private Placement Warrants were classified within Level 3 of the fair value hierarchy at the measurement dates due to the use of unobservable inputs. Inherent in pricing models are assumptions related to expected share -pricevolatility, expected life and risk -freeinterest rate. The Company estimates the volatility of its ordinary shares based on historical volatility that matches the expected remaining life of the warrants. The risk