Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 506

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 506
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 | Level |   |  June 30, 
      2025 |     |   | Level |   | December 31, 
         2024 |
|:-----------------------------------------------|:------------|--:|:------|:--|----------:|:----|--:|:------|:--|-------------:|
| Assets:                                        |             |   |       |   |           |     |   |       |   |              |
| Investments held in Trust Account              |             | 1 |       | $ | 6,072,600 |     | 1 |       | $ |   44,332,605 |
| Liabilities:                                   |             |   |       |   |           |     |   |       |   |              |
| Warrant liability – Private Placement Warrants |             | 3 |       |   | 2,814,875 |     | 3 |       |   |      226,316 |
| Warrant liability – Public Warrants            |             | 2 |       |   | 2,875,000 |     | 1 |       |   |      231,150 |

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 and 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 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