TLGY Acquisition Corp. Files 2023 Annual Report on Form 10-K

TL;DR

<b>TLGY Acquisition Corp. filed its 2023 10-K report detailing its financial position and operations.</b>

AI Summary

TLGY ACQUISITION CORP (TLGUF) filed a Annual Report (10-K) with the SEC on March 26, 2024. TLGY Acquisition Corp. reported $5,750,000 in total assets as of December 31, 2023. The company's fiscal year ends on December 31st. The filing is a 10-K report for the period ending December 31, 2023. The company's business address is in Grand Cayman, Cayman Islands. The company's mail address is in Hong Kong SAR.

Why It Matters

For investors and stakeholders tracking TLGY ACQUISITION CORP, this filing contains several important signals. This 10-K filing provides a comprehensive overview of TLGY Acquisition Corp.'s financial health and operational status for the fiscal year 2023, crucial for investors assessing the company's performance and future prospects. The detailed financial information, including asset values and related party transactions, is essential for stakeholders to understand the company's financial structure and any potential conflicts of interest.

Risk Assessment

Risk Level: — TLGY ACQUISITION CORP shows moderate risk based on this filing. The company is a special purpose acquisition company (SPAC), which inherently carries higher risks related to business combination completion and market volatility compared to established operating companies.

Analyst Insight

Investors should closely monitor TLGY Acquisition Corp.'s progress in identifying and completing a business combination, as this is the primary driver of value for a SPAC.

Key Numbers

• 5,750,000 — Total Assets (As of December 31, 2023)
• 2023-12-31 — Fiscal Year End (Report period)
• 2024-03-26 — Filing Date (Report submission)

Key Players & Entities

• TLGY Acquisition Corp. (company) — FILER
• Mizuho Securities USA LLC (company) — Related Party Member
• Centaury Management Ltd (company) — Related Party Member
• Verde Bioresins Inc (company) — Related Party Member
• Grand Cayman (company) — BUSINESS ADDRESS CITY
• Hong Kong SAR (company) — MAIL ADDRESS CITY

FAQ

Risk Factors

• Risk Factors [high — financial]: The company is a blank check company with no commercial operations and is subject to the risks associated with the completion of a business combination.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K filing.
• 2024-03-26: Filing Date — Date the 10-K report was officially submitted to the SEC.

Glossary

10-K

An annual report required by the U.S. Securities and Exchange Commission (SEC), which gives a comprehensive summary of a company's financial performance. (This filing provides the official annual financial and operational overview of TLGY Acquisition Corp.)

SPAC

Special Purpose Acquisition Company: a shell company that is set up to acquire or merge with an existing company. (TLGY Acquisition Corp. is identified as a SPAC, indicating its business model and associated risks.)

Key Financial Figures

• $0.0001 — LC Class A ordinary shares, par value $0.0001 per share TLGY The NASDAQ Stock Mar
• $11.50 — ordinary share at an exercise price of $11.50 per share TLGYW The NASDAQ Stock Ma
• $150 — of our three independent directors for $150, or $0.005 per share, 15,000 founder sh
• $0.005 — hree independent directors for $150, or $0.005 per share, 15,000 founder shares that o
• $75 — nsor, at an aggregate purchase price of $75, or $0.005 per share, and 300,300 found
• $1,000,000 — IPO, at an aggregate purchase price of $1,000,000, or approximately $3.33 per share, in e
• $3.33 — e price of $1,000,000, or approximately $3.33 per share, in each case, concurrent wit
• $700 million — lization increased from approximately US$700 million in 2012 when Mr. Kim, as its CEO, launc
• $30 billion — -year transformation program, to over US$30 billion as of the end of August 2021. Mr. Kim a
• $500 million — capitalized at a valuation of roughly US$500 million dollars, and in 2015 the company listed
• $15 billion — arket capitalization of approximately US$15 billion. We believe that our founder and the ot
• $3 billion — increased six-fold from approximately US$3 billion in 2016 to over US$20 billion in 2020.
• $20 billion — ximately US$3 billion in 2016 to over US$20 billion in 2020. Since the late 2010s, our foun

Filing Documents

• tlgyu-20231231x10k.htm (10-K) — 1372KB
• tlgyu-20231231xex21d1.htm (EX-21.1) — 1KB
• tlgyu-20231231xex31d1.htm (EX-31.1) — 11KB
• tlgyu-20231231xex31d2.htm (EX-31.2) — 11KB
• tlgyu-20231231xex32d1.htm (EX-32.1) — 5KB
• tlgyu-20231231xex32d2.htm (EX-32.2) — 5KB
• tlgyu-20231231xex97.htm (EX-97) — 21KB
• tlgyu-20231231x10k004.jpg (GRAPHIC) — 8KB
• 0001104659-24-039031.txt (&nbsp;) — 5407KB
• tlgyu-20231231.xsd (EX-101.SCH) — 49KB
• tlgyu-20231231_cal.xml (EX-101.CAL) — 24KB
• tlgyu-20231231_def.xml (EX-101.DEF) — 247KB
• tlgyu-20231231_lab.xml (EX-101.LAB) — 364KB
• tlgyu-20231231_pre.xml (EX-101.PRE) — 316KB
• tlgyu-20231231x10k_htm.xml (XML) — 604KB

Business

Business 1 Item 1A.

Risk Factors

Risk Factors 20 Item 1B. Unresolved Staff Comments 22 Item 1C. Cybersecurity 22 Item 2.

Properties

Properties 22 Item 3.

Legal Proceedings

Legal Proceedings 22 Item 4. Mine Safety Disclosures 22 Part II 23 Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 23 Item 6. [Reserved] 24 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 28 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 28 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 28 Item 9A.

Controls and Procedures

Controls and Procedures 28 Item 9B. Other Information 29 Item 9C. Other Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 29 Part III 30 Item 10. Directors, Executive Officers and Corporate Governance 30 Item 11.

Executive Compensation

Executive Compensation 39 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 40 Item 13. Certain Relationships and Related Transactions, and Director Independence 41 Item 14. Principal Accountant Fees and Services 43 Part IV 44 Item 15. Exhibits, Financial Statements and Financial Statement Schedules 44 Item 16. Form 10-K Summary 46 i Table of Contents Unless otherwise stated in this report on Form 10-K, references to: "we," "us," "Company" or "our Company" are to TLGY Acquisition Corporation, a Cayman Islands exempted company; "amended and restated memorandum and article of association" are to the amended and restated memorandum and articles of association of the Company; "Companies Act" are to the Companies Act (As Revised) of the Cayman Islands, as amended from time to time; "directors" are to the directors of the Company; "distribution time" are to the time at which the distributable redeemable warrants will be distributed, which will occur immediately after the initial business combination redemption time and immediately prior to the closing of our initial business combination; "founder" are to Jin-Goon Kim; "founder shares" are to Class B ordinary shares initially purchased by our sponsor in a private placement prior to our IPO and share capitalization prior to our IPO (which shares may be transferred to permitted transferees from time to time) and the Class A ordinary shares that will be issued upon the automatic conversion of the Class B ordinary shares at the time of our initial business combination as described herein; "initial business combination redemption time" are to the time at which we redeem the Class A ordinary shares that the holders thereof have elected to redeem in connection with our initial business combination, which will occur prior to the consummation of our initial business combination; "initial shareholders" are to holders of our founder shares prior to the completion of our

View Full Filing

View this 10-K filing on SEC EDGAR