Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 267

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 267
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 2025. On January24, 2025, TLGY communicated a proposed valuation for Company H at $6 billion, inclusive of a $2 billion earn -out. On January27, 2025, Company G’s Chief Executive Officer told TLGY they were still considering various options, including theirs. On March4, 2025, Company G’s Chief Executive Officer informed TLGY that Company G would be pursuing a different path and would no longer be considering a transaction with them. • Company H:On February13, 2025, Mr.Cho initiated discussions with Company H, a publicly traded digital asset management firm listed in Europe, about a potential transaction with TLGY that would result in Company H or a subsidiary of Company H being listed on a U.S. exchange. Discussions included utilizing a subsidiary of Company H to implement a digital asset treasury strategy. Following a meeting between TLGY and Company H on February20, 2025, on February22, 2025 the parties executed an NDA. During the following month, the parties discussed potential issues related to creating a digital asset treasury company, including potential regulatory considerations. On April2, 2025, Company H’s representatives informed TLGY that its principals were no longer interested in a deSPAC transaction. • Company I:On February21, 2025, representatives of Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC (“ Cohen”) made an unsolicited introduction between TLGY and Company I, a publicly listed company in Europe seeking a U.S. listing. After a meeting with Company I management on February28, 2025, TLGY delivered a non -bindingLOI to Company I on March3, 2025, which provided a proposed valuation of $1.5 billion for Company I. Company I did not respond to the non -bindingLOI and no additional discussions with them took place. On January 8, 2025, Mr.Cho introduced Mr.Chen over email to the founder of Company J, a private U.S. -basedcrypto -nativeventure capital firm, to discuss potentially taking Company J public through a deSPAC transaction. The parties agreed to find time to meet to discuss the opportunity in person. On January 13, 2025, Mr.Cho and Mr.Chen met with the founder of Company J in Company J’s offices. The parties discussed taking Company J public through a deSPAC transaction. The parties also discussed the possibility of pursuing a similar digital asset treasury strategy