secwatch / observer
8-K filed October 19, 2023, 7:59 PM ET ticker TLGYF CIK 0001879814
other material confidence high sentiment neutral materiality 0.60

TLGY shareholders approve charter amendment reducing extension deposit; 1.4M shares redeemed at ~$10.96

TLGY ACQUISITION CORP

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

TLGY ACQUISITION CORP: Shareholders approved an amendment to the Amended and Restated Memorandum and Articles of Association to modify the monthly extension payment amount from the lesser of $0.04 per share and $200,000 to the lesser of $0.033 per share and $110,000, with unused amounts from a prior extension payment dedu (effective 2023-10-17).

Change
charter amendment
Effective
2023-10-17
Exact text from the filing
On October 17, 2023, shareholders of TLGY Acquisition Corporation (the “Company”) held an annual general meeting of shareholders (the “Annual General Meeting”), where the shareholders of the Company approved by special resolution an amendment (the “Charter Amendment”) to the Amended and Restated Memorandum and Articles of Association of the Company (the “Charter”) to modify the monthly amount that its Sponsor or its affiliates or designees must deposit into the Trust Account in order to extend the period of time to consummate a business combination by one month, up to seven times (starting from the first date on which such modified extension payment is made), if requested by the Sponsor and accepted by the Company, from the lesser of $0.04 per outstanding share and $200,000 to the lesser of (x) $0.033 per outstanding share and (y) $110,000.
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

TLGY ACQUISITION CORP shareholders approved approve by special resolution the Charter Amendment.

Proposal
charter amendment
Outcome
passed
Exact text from the filing
Charter Amendment Proposal Votes For Votes Against Abstentions 11,410,175 385,786 0
View on SEC.gov

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TLGY ACQUISITION CORP filing history →

Source: SEC EDGAR
accession 0001104659-23-110132
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