Company: TLGYF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001410578-25-001609
Chunk: 3

Company: TLGY ACQUISITION CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1F
Chunk 3
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Item 1. Financial Statements

TLGY ACQUISITION CORPORATION

CONDENSED BALANCE SHEETS

​​​​​​​​    June 30, 2025    December 31, 2024​​(unaudited)​​ASSETS​​​​​​Current Assets:​​​​​​Cash​$ 207,786​$ 3,769Prepaid expenses ​  28,340​  23,340Total Current Assets​​ 236,126​​ 27,109​​​​​​​Cash and investments held in Trust Account​​ 6,072,600​​ 44,332,605​​ ​​ ​Total Assets​$ 6,308,726​$ 44,359,714​​​​​​​LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT​ ​​ ​Current Liabilities:​​​​​​Accounts payable and accrued expenses​$ 423,406​$ 272,548Accrued offering costs​​ 5,000​​ 5,000Convertible promissory note payable – former sponsor​​ 2,912,000​​ 2,912,000Convertible promissory note payable – current sponsors​​ 1,962,325​​ 1,257,325Total Current Liabilities​​ 5,302,731​​ 4,446,873​​​​​​​Derivative warrant liabilities​  5,689,875​ ​ 457,466Deferred underwriting commission​  865,000​ ​ 865,000Total Liabilities​  11,857,606​ ​ 5,769,339​​ ​​ ​COMMITMENTS AND CONTINGENCIES​ ​​ ​​​​​​​​Class A ordinary shares subject to possible redemption; 489,887 and 3,717,207 shares (at redemption value of $12.40 and $11.92 at June 30, 2025 and December 31, 2024, respectively)​​ 6,072,600​​ 44,332,605​​ ​​ ​Shareholders’ deficit:​ ​​ ​Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding at June 30, 2025 and December 31, 2024​  —​  —Class A ordinary shares, $0.0001 par value, 500,000,000