secwatch.observer — SEC 8-K summary
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Issuer:     TLGY ACQUISITION CORP (TLGYF)
CIK:        0001879814
Form:       8-K
Filed at:   2023-10-13T23:59:59+00:00
Accession:  0001104659-23-108974
Event type: regulatory
Sentiment:  negative
Materiality: 0.55
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TLGY Acquisition receives Nasdaq notice for failing minimum 400 shareholders rule
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879814/000110465923108974/0001104659-23-108974-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879814/000110465923108974/tm2328358d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-108974

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