TLGY ACQUISITION CORP 8-K: SPAC Status & Warrant Terms Confirmed
Ticker: TLGUF · Form: 8-K · Filed: Jan 10, 2024 · CIK: 1879814
| Field | Detail |
|---|---|
| Company | Tlgy Acquisition Corp (TLGUF) |
| Form Type | 8-K |
| Filed Date | Jan 10, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $11.50, $110,000 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: SPAC, corporate-governance, warrants
TL;DR
**TLGY Acquisition Corp confirms SPAC status and warrant terms, no new news but good for clarity.**
AI Summary
TLGY Acquisition Corporation filed an 8-K on January 10, 2024, confirming its status as a Special Purpose Acquisition Company (SPAC) and providing updated contact information. The filing reiterates details about its Class A ordinary shares and redeemable warrants, which are exercisable at $11.50 per share. This matters to investors because it confirms the company's operational structure and the terms of its securities, which is crucial for understanding potential future mergers or acquisitions.
Why It Matters
This filing confirms TLGY Acquisition Corporation's current structure and the terms of its securities, providing clarity for investors on its path forward as a SPAC.
Risk Assessment
Risk Level: low — This filing is largely administrative, confirming existing information and posing minimal new risks to investors.
Analyst Insight
A smart investor would note the confirmed warrant exercise price of $11.50, as this is a key metric for evaluating potential returns if the SPAC successfully merges with a target company.
Key Numbers
- $11.50 — Warrant Exercise Price (The price at which each whole redeemable warrant can be exercised for one Class A ordinary share.)
- 0.0001 — Par Value per Share (The par value of each Class A ordinary share.)
Key Players & Entities
- TLGY Acquisition Corporation (company) — the registrant filing the 8-K
- $11.50 (dollar_amount) — the exercise price per share for redeemable warrants
- January 8, 2024 (date) — the date of the earliest event reported in the filing
FAQ
What is the purpose of TLGY Acquisition Corporation's 8-K filing on January 10, 2024?
The 8-K filing by TLGY Acquisition Corporation on January 10, 2024, serves to report 'Other Events' and confirm its status as a Special Purpose Acquisition Company (SPAC), including details about its Class A ordinary shares and redeemable warrants, as of the earliest event reported on January 8, 2024.
What is the exercise price for TLGY Acquisition Corporation's redeemable warrants?
According to the filing, each whole redeemable warrant is exercisable for one Class A ordinary share at an exercise price of $11.50 per share.
What is the par value of TLGY Acquisition Corporation's Class A ordinary shares?
The filing states that the Class A ordinary shares have a par value of $0.0001 per share.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 8, 2024.
What is the Commission File Number for TLGY Acquisition Corporation?
The Commission File Number for TLGY Acquisition Corporation, as stated in the filing, is 001-41101.
Filing Stats: 515 words · 2 min read · ~2 pages · Grade level 13.3 · Accepted 2024-01-10 16:00:27
Key Financial Figures
- $0.0001 — f one Class A ordinary share, par value $0.0001 per share, and one-half of one redeemab
- $11.50 — ordinary share at an exercise price of $11.50 per share TLGYW The Nasdaq Stock Mark
- $110,000 — its affiliates or designees depositing $110,000 (the "Extension Deposit") into the trus
Filing Documents
- tm242490d1_8k.htm (8-K) — 32KB
- 0001104659-24-002961.txt ( ) — 259KB
- tlgyu-20240108.xsd (EX-101.SCH) — 4KB
- tlgyu-20240108_def.xml (EX-101.DEF) — 27KB
- tlgyu-20240108_lab.xml (EX-101.LAB) — 37KB
- tlgyu-20240108_pre.xml (EX-101.PRE) — 26KB
- tm242490d1_8k_htm.xml (XML) — 7KB
01
Item 8.01 Other Events. On Janury 8, 2024, the Company notified Continental Stock Transfer & Trust Company of its intention to extend the period of time that the Company has to complete its initial business combination (the "Termination Date") by an additional month for the period from January 17, 2024 to February 16, 2024, subject to our sponsor or its affiliates or designees depositing $110,000 (the "Extension Deposit") into the trust account. On January 10, 2024, our sponsor or its affiliates or designees deposited the Extension Deposit into the trust and as a result the Termination Date was extended by one month until February 16, 2024. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. TLGY Acquisition Corporation Date: January 10, 2024 By: /s/ Jin-Goon Kim Name: Jin-Goon Kim Title: Chairman and Chief Executive Officer