Castle Creek Affiliates Update TLGY ACQ CORP Stake on 12/31/23

TL;DR

**Castle Creek just reaffirmed its passive stake in TLGY Acquisition Corp as of year-end 2023.**

AI Summary

Castle Creek Arbitrage, LLC, along with its affiliates Castle Creek SPAC Fund LLC and CC ARB WEST, LLC, filed an Amendment No. 2 to their Schedule 13G on January 10, 2024, indicating their ownership in TLGY Acquisition Corporation's Class A ordinary shares as of December 31, 2023. This filing updates their previous disclosures, showing their continued significant, but passive, investment in the SPAC. For investors, this means a major institutional investor remains committed to TLGY, potentially signaling confidence in the SPAC's future merger prospects.

Why It Matters

This filing confirms that a significant institutional investor group, Castle Creek, maintains its position in TLGY Acquisition Corp, which can be a positive signal for other investors. Their continued passive stake suggests they are not seeking to influence management but see value in holding the shares.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive investor and does not indicate any immediate new risks or significant changes in strategy.

Analyst Insight

A smart investor would note the continued passive institutional ownership by Castle Creek, suggesting stability in the shareholder base. However, without specific share counts or percentage ownership from this snippet, it's hard to gauge the full impact. Further investigation into the full 13G/A filing for ownership percentages would be prudent.

Key Players & Entities

• Castle Creek Arbitrage, LLC (company) — filing entity and reporting person
• TLGY Acquisition Corporation (company) — subject company (issuer) of the securities
• Castle Creek SPAC Fund LLC (company) — group member with Castle Creek Arbitrage, LLC
• CC ARB WEST, LLC (company) — group member with Castle Creek Arbitrage, LLC
• CC ARBITRAGE, LTD (company) — group member with Castle Creek Arbitrage, LLC
• Mr. Allan Weine (person) — group member with Castle Creek Arbitrage, LLC
• $0.0001 (dollar_amount) — par value per share of Class A ordinary shares

FAQ

Key Financial Figures

• $0.0001 — r) Class A ordinary shares, par value $0.0001 per share (Title of Class of Securiti

Filing Documents

• tlgy12240sc13ga2.htm (SC 13G/A) — 82KB
• 0001214659-24-000562.txt ( ) — 84KB

(a)

Item 1(a). Name of Issuer: TLGY Acquisition Corporation (the “Issuer”)

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: 4001 Kennett Pike, Suite 302 Wilmington, DE 19807

(a)

Item 2(a). Name of Person Filing: This statement is being jointly filed by: · Castle Creek Arbitrage, LLC, a Delaware limited liability company, (“Castle Creek”) · Mr. Allan Weine, as the principal beneficial owner of Castle Creek Arbitrage, LLC, (“Mr. Weine”) · CC ARB West, LLC is a Delaware limited liability company · CC Arbitrage, Ltd. is a Cayman Island Company · Castle Creek SPAC Fund, LLC is a Delaware limited Liability Company Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.” Castle Creek Arbitrage, LLC serves as a registered investment adviser whose clients are CC Arb West, LLC, Castle Creek SPAC Fund, LLC, and CC Arbitrage, Ltd. Mr. Weine is the managing member of Castle Creek. By virtue of these relationships, each of Castle Creek and Mr. Weine may be deemed to beneficially own the Issuer’s Common Shares directly owned by CC ARB West, LLC, Castle Creek SPAC Fund, LLC, and CC Arbitrage, Ltd.

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: The principal business address of each reporting person is 111 W. Beaver Creek Blvd PO Box 3500 Avon, CO 81620.

(c)

Item 2(c). Citizenship: Castle Creek Arbitrage, LLC is a Delaware limited liability company. Mr Weine is a US citizen. CC ARB West, LLC is a Delaware limited liability company. CC Arbitrage, Ltd. is a Cayman Island Company Castle Creek SPAC Fund, LLC is a Delaware limited liability company.

(d)

Item 2(d). Title of Class of Securities: Class A ordinary shares, par value $0.0001 per share (the “Shares”)

(e)

Item 2(e). CUSIP Number: G8656T117 Item 3. If this Statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) ¨ Broker or dealer registered under Section 15 of the Act; (b) ¨ Bank as defined in Section 3(a)(6) of the Act; (c) ¨ Insurance company as defined in Section 3(a)(19) of the Act; (d) ¨ Investment company registered under Section 8 of the Investment Company Act of 1940; (e) x An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) ¨ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) ¨ A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; (j) ¨ A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); (k) ¨ Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: 7 Item 4. The information required by Items 4(a) - (c) is set forth in Rows (5) – (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following x . Item 6. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reporte

View Full Filing

View this SC 13G/A filing on SEC EDGAR