---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-073575"
form_type: "8-K"
ticker: "TLGYF"
cik: "0001879814"
company_name: "TLGY ACQUISITION CORP"
filed_at: "2023-06-22T23:59:59+00:00"
generated_at: "2026-06-13T19:23:29.966127+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# TLGY Acquisition Corp. enters into merger agreement with Verde Bioresins valued at $365M

## Summary
- Merger agreement signed June 21, 2023; enterprise value of Verde Bioresins set at $365M.
- Verde stockholders to receive New Verde common stock at $10/share; up to 36.5M earnout shares.
- TLGY to redomicile to Delaware, change name to Verde Bioresins, Corp., trade as VRDE.
- Closing subject to SPAC shareholder approval, regulatory OKs, and minimum $5M net tangible assets after redemptions.
- Sponsor earnout shares up to 5.75M; reduced to 2M if trust cash < $25M.

## SEC filing metadata
- accession: 0001104659-23-073575
- form_type: 8-K
- ticker: TLGYF
- cik: 0001879814
- company_name: TLGY ACQUISITION CORP
- filed_at: 2023-06-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1879814/000110465923073575/0001104659-23-073575-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1879814/000110465923073575/tm2319298d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-073575
- JSON: https://secwatch.observer/filing/0001104659-23-073575.json
- Plain text: https://secwatch.observer/filing/0001104659-23-073575.txt

## Key facts
- Material Agreements
  TLGY ACQUISITION CORP entered into Agreement and Plan of Merger with Verde Bioresins, Inc. (effective 2023-06-21).
  - Action: entry
  - Agreement: merger
  - Counterparty: Verde Bioresins, Inc.
  - Effective: 2023-06-21
  source text: On June 21, 2023, TLGY Acquisition Corporation, a Cayman Islands exempted company (“ TLGY ”), entered into an Agreement and Plan of Merger (as it may be amended, supplemented or otherwise modified from time to time, the “ Merger Agreement ”), by and among TLGY, Virgo Merger Sub Corp., a Delaware corporation and wholly-owned subsidiary of TLGY (“ Merger Sub ”), Verde Bioresins, Inc., a Delaware corporation (“ Verde ”), and, solely for Sections 3.07, 3.10, 7.13 and Article XI thereof, TLGY Sponsors LLC, a Cayman Islands limited liability company (“ Sponsor ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1879814/000110465923073575/0001104659-23-073575-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.