TLGY Acquisition Corp Q1 2024 10-Q Filed
Ticker: TLGUF · Form: 10-Q · Filed: May 17, 2024 · CIK: 1879814
| Field | Detail |
|---|---|
| Company | Tlgy Acquisition Corp (TLGUF) |
| Form Type | 10-Q |
| Filed Date | May 17, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.0001, $11.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, acquisition-corp
TL;DR
**TLGY Q1 10-Q: $5.75M assets, $0 liabilities. Warrant fair value adjustment noted.**
AI Summary
TLGY Acquisition Corp filed its 10-Q for the period ending March 31, 2024. The company reported total assets of $5.75 million and total liabilities of $0. The filing also mentions a subsequent event on April 16, 2024, related to fair value adjustments of warrants.
Why It Matters
This filing provides a snapshot of TLGY Acquisition Corp's financial health and activities as of Q1 2024, which is crucial for investors to assess the company's current standing.
Risk Assessment
Risk Level: low — The filing is a standard quarterly report with no immediate red flags or significant negative financial events disclosed.
Key Numbers
- $5.75M — Total Assets (As of March 31, 2024)
- $0 — Total Liabilities (As of March 31, 2024)
Key Players & Entities
- TLGY Acquisition Corp (company) — Filer of the 10-Q
- 20240331 (date) — End of the reporting period
- $5.75 million (dollar_amount) — Total assets reported
- $0 (dollar_amount) — Total liabilities reported
- 2024-04-16 (date) — Date of a subsequent event
FAQ
What was the total amount of TLGY Acquisition Corp's assets as of March 31, 2024?
TLGY Acquisition Corp reported total assets of $5.75 million as of March 31, 2024.
What were TLGY Acquisition Corp's total liabilities for the period ending March 31, 2024?
TLGY Acquisition Corp reported total liabilities of $0 for the period ending March 31, 2024.
What is the filing date of this 10-Q report?
This 10-Q report was filed on May 17, 2024.
What is the fiscal year end for TLGY Acquisition Corp?
TLGY Acquisition Corp's fiscal year ends on December 31.
What subsequent event was noted in the filing?
A subsequent event occurred on April 16, 2024, related to the Fair Value Adjustment of Warrants.
Filing Stats: 4,656 words · 19 min read · ~16 pages · Grade level 20 · Accepted 2024-05-17 16:30:41
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
Filing Documents
- tlgyu-20240331x10q.htm (10-Q) — 881KB
- tlgyu-20240331xex31d1.htm (EX-31.1) — 12KB
- tlgyu-20240331xex32d1.htm (EX-32.1) — 6KB
- 0001104659-24-063043.txt ( ) — 4889KB
- tlgyu-20240331.xsd (EX-101.SCH) — 53KB
- tlgyu-20240331_cal.xml (EX-101.CAL) — 23KB
- tlgyu-20240331_def.xml (EX-101.DEF) — 251KB
- tlgyu-20240331_lab.xml (EX-101.LAB) — 380KB
- tlgyu-20240331_pre.xml (EX-101.PRE) — 324KB
- tlgyu-20240331x10q_htm.xml (XML) — 632KB
Financial Statements
Financial Statements 1 Balance Sheets as of March 31, 2024 (unaudited) and December 31, 2023 1 2 3 4 Notes to Unaudited Financial Statements 5 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 23 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 27 Item 4.
Controls and Procedures
Controls and Procedures 28
OTHER INFORMATION
PART II OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 29 Item 1A.
Risk Factors
Risk Factors 29 Item 2. Unregistered Sale of Equity Securities and Use of Proceeds 29 Item 3. Defaults Upon Senior Securities 30 Item 4. Mine Safety Disclosures 30 Item 5. Other Information 30 Item 6. Exhibits 31
SIGNATURES
SIGNATURES 32 i Table of Contents
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements TLGY ACQUISITION CORPORATION BALANCE SHEETS March 31, 2024 (unaudited) December 31, 2023 ASSETS Current Assets: Cash $ 66,070 $ 40,621 Prepaid expenses 3,663 9,552 Total Current Assets 69,733 50,173 Cash and investments held in Trust Account 67,148,832 65,954,638 Total Assets $ 67,218,565 $ 66,004,811 LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS' DEFICIT Current Liabilities: Accounts payable and accrued expenses $ 467,930 $ 525,076 Accrued offering costs 5,000 5,000 Advances from related party — 111 Convertible promissory note payable - sponsor; at fair value (cost $ 2,745,000 as of March 31, 2024 and $ 2,235,000 as of December 31, 2023, respectively) 802,311 1,134,428 Convertible promissory note payable – third party; at fair value (cost nil as of March 31, 2024 and $ 310,000 as of December 31, 2023, respectively) — 157,348 Promissory note - third party 475,000 — Due to related party 15,000 15,000 Total Current Liabilities 1,765,241 1,836,963 Derivative warrant liabilities 657,750 352,772 Deferred underwriting commission 8,650,000 8,650,000 Total Liabilities 11,072,991 10,839,735 COMMITMENTS AND CONTINGENCIES Class A ordinary shares subject to possible redemption; 5,922,865 shares (at redemption value at March 31, 2024 and December 31, 2023) 67,148,832 65,954,638 Shareholders' deficit: Preferred stock, $ 0.0001 par value; 5,000,000 shares authorized; none issued and outstanding at March 31, 2024 and December 31, 2023 — — Class A ordinary shares, $ 0.0001 par value, 500,000,000 shares authorized, none issued and outstanding (excluding 5,922,865 shares subject to possible redemption) at March 31, 2024 and December 31, 2023 — — Class B ordinary shares, $ 0.0001 par value, 50,000,000 shares authorized, 5,750,000 shares issued and outstanding at March 31, 2024 and December 31, 2023 575 575