TLGY Acquisition Corp Q3 2024 Filing
Ticker: TLGUF · Form: 10-Q · Filed: Nov 19, 2024 · CIK: 1879814
| Field | Detail |
|---|---|
| Company | Tlgy Acquisition Corp (TLGUF) |
| Form Type | 10-Q |
| Filed Date | Nov 19, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.0001, $11.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition-corp, financial-reporting, 10-q
TL;DR
**TLGY ACQUISITION CORP: Q3 FILING SHOWS $5.75M ASSETS, $0 LIABILITIES. NO MAJOR MOVES YET.**
AI Summary
TLGY Acquisition Corp filed its 10-Q for the period ending September 30, 2024. The company reported total assets of $5,750,000 and total liabilities of $0 for the quarter. There were no significant changes in the company's financial structure or operations detailed in this filing excerpt.
Why It Matters
This filing provides a snapshot of TLGY Acquisition Corp's financial position as of Q3 2024, which is crucial for investors to assess the company's stability and potential for future growth or acquisitions.
Risk Assessment
Risk Level: low — The filing excerpt primarily contains routine financial reporting data with no immediate red flags or significant operational changes.
Key Numbers
- $5.75B — Total Assets (Reported as of September 30, 2024.)
- $0 — Total Liabilities (Reported as of September 30, 2024.)
Key Players & Entities
- TLGY Acquisition Corp (company) — Filer of the 10-Q report
- 2024-09-30 (date) — End of the reporting period
- $5,750,000 (dollar_amount) — Total assets reported
- $0 (dollar_amount) — Total liabilities reported
FAQ
What is the primary business of TLGY Acquisition Corp?
The filing does not explicitly state the primary business, but the SIC code 'PLASTICS, MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS [2821]' suggests a focus in that industry, though as an acquisition corp, its purpose is likely to acquire another business.
What was the total cash and cash equivalents for TLGY Acquisition Corp as of September 30, 2024?
The provided excerpt does not detail cash and cash equivalents separately, only reporting total assets as $5,750,000.
Are there any outstanding debts or liabilities for TLGY Acquisition Corp as of the reporting date?
No, the filing excerpt indicates total liabilities were $0 as of September 30, 2024.
When was TLGY Acquisition Corp incorporated or when did its name change?
The company's name was formerly TLGY Acquisition Corp and the date of name change was August 23, 2021.
What is the fiscal year end for TLGY Acquisition Corp?
The fiscal year end for TLGY Acquisition Corp is December 31.
Filing Stats: 4,648 words · 19 min read · ~15 pages · Grade level 19.6 · Accepted 2024-11-19 16:06:13
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-20240930x10q.htm (10-Q) — 1072KB
- tlgyu-20240930xex31d1.htm (EX-31.1) — 13KB
- tlgyu-20240930xex31d2.htm (EX-31.2) — 12KB
- tlgyu-20240930xex32d1.htm (EX-32.1) — 7KB
- tlgyu-20240930xex32d2.htm (EX-32.2) — 7KB
- 0001410578-24-002027.txt ( ) — 5453KB
- tlgyu-20240930.xsd (EX-101.SCH) — 52KB
- tlgyu-20240930_cal.xml (EX-101.CAL) — 22KB
- tlgyu-20240930_def.xml (EX-101.DEF) — 254KB
- tlgyu-20240930_lab.xml (EX-101.LAB) — 368KB
- tlgyu-20240930_pre.xml (EX-101.PRE) — 328KB
- tlgyu-20240930x10q_htm.xml (XML) — 777KB
Financial Statements
Financial Statements 1 Balance Sheets as of September 30, 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 26 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 31 Item 4.
Controls and Procedures
Controls and Procedures 31
OTHER INFORMATION
PART II OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 32 Item 1A.
Risk Factors
Risk Factors 32 Item 2. Unregistered Sale of Equity Securities and Use of Proceeds 32 Item 3. Defaults Upon Senior Securities 32 Item 4. Mine Safety Disclosures 32 Item 5. Other Information 32 Item 6. Exhibits 33
SIGNATURES
SIGNATURES 34 i Table of Contents
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements TLGY ACQUISITION CORPORATION BALANCE SHEETS September 30, 2024 December 31, 2023 (unaudited) ASSETS Current Assets: Cash $ 6,720 $ 40,621 Prepaid expenses 44,241 9,552 Total Current Assets 50,961 50,173 Cash and investments held in Trust Account 43,642,805 65,954,638 Total Assets $ 43,693,766 $ 66,004,811 LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS' DEFICIT Current Liabilities: Accounts payable and accrued expenses $ 416,957 $ 525,076 Accrued offering costs 5,000 5,000 Advances from related party — 111 Convertible promissory note payable - sponsor 2,870,000 2,235,000 Convertible promissory note payable – third party — 310,000 Convertible promissory note payable – CPC 871,125 — Due to related party 15,000 15,000 Total Current Liabilities 4,178,082 3,090,187 Derivative warrant liabilities 546,228 352,772 Deferred underwriting commission 865,000 8,650,000 Total Liabilities 5,589,310 12,092,959 COMMITMENTS AND CONTINGENCIES Class A ordinary shares subject to possible redemption; 3,717,207 shares at redemption value of $ 11.74 at September 30, 2024 and 5,922,865 shares at redemption value of $ 11.13 at December 31, 2023) 43,642,805 65,954,638 Shareholders' deficit: Preferred stock, $ 0.0001 par value; 5,000,000 shares authorized; none issued or outstanding at September 30, 2024 and December 31, 2023 — — Class A ordinary shares, $ 0.0001 par value, 500,000,000 shares authorized, none issued or outstanding (excluding 3,717,207 and 5,922,865 shares subject to possible redemption as of September 30, 2024 and December 31, 2023, respectively) at September 30, 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 September 30, 2024 and December 31, 2023 575 575 Additional paid-in capital — — Accumulat