secwatch.observer — SEC 8-K summary
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Issuer:     TLGY ACQUISITION CORP (TLGYF)
CIK:        0001879814
Form:       8-K
Filed at:   2023-06-22T23:59:59+00:00
Accession:  0001104659-23-073575
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879814/000110465923073575/0001104659-23-073575-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879814/000110465923073575/tm2319298d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-073575

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer