---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-108974"
form_type: "8-K"
ticker: "TLGYF"
cik: "0001879814"
company_name: "TLGY ACQUISITION CORP"
filed_at: "2023-10-13T23:59:59+00:00"
generated_at: "2026-06-10T00:15:33.552741+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# TLGY Acquisition receives Nasdaq notice for failing minimum 400 shareholders rule

## Summary
- Nasdaq notified TLGY on Oct 9, 2023, of non-compliance with Listing Rule 5450(a)(2) requiring 400 total shareholders.
- Company has 45 days to submit a business plan to regain compliance within 180 days of the notice.
- TLGY expects to satisfy the requirement upon consummation of an initial business combination.
- Shares (TLGY), warrants (TLGYW) and units (TLGYU) continue trading on Nasdaq during the cure period.
- If plan is rejected, TLGY faces suspension and delisting procedures.

## SEC filing metadata
- accession: 0001104659-23-108974
- form_type: 8-K
- ticker: TLGYF
- cik: 0001879814
- company_name: TLGY ACQUISITION CORP
- filed_at: 2023-10-13T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1879814/000110465923108974/0001104659-23-108974-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1879814/000110465923108974/tm2328358d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-108974
- JSON: https://secwatch.observer/filing/0001104659-23-108974.json
- Plain text: https://secwatch.observer/filing/0001104659-23-108974.txt

## Key facts
- Listing & Compliance Notices
  TLGY ACQUISITION CORP received a nasdaq deficiency notice notice regarding shareholders (rules 5450(a)(2)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: shareholders
  - Rules: 5450(a)(2)
  source text: October 9, 2023, TLGY Acquisition Corporation (the “Company”) received a written notice (the “Notice”) from the staff of Nasdaq Regulation of The Nasdaq Global Market (“Nasdaq”) indicating that the Company is not currently in compliance with Listing Rule 5450(a)(2) of the Nasdaq Stock Market LLC Rules (the “Listing Rules”), which requires the Company to maintain a minimum of 400 total shareholders on a continuous basis. In accordance with Rule 5810-1(2)(a) of the Listing Rules, the Company has been provided a period of 45 days to respond with a business plan that demonstrates how the Company e
  evidence_url: https://www.sec.gov/Archives/edgar/data/1879814/000110465923108974/0001104659-23-108974-index.htm

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