{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-035555","form_type":"8-K","ticker":"TLGYF","cik":"0001879814","company_name":"TLGY ACQUISITION CORP","filed_at":"2024-03-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.209453+00:00","generated_at":"2026-06-04T15:53:32.292288+00:00","sec_items":["1.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"TLGY Acquisition terminates merger with Verde Bioresins after Verde sends termination notice","bullets":["Verde Bioresins terminated Merger Agreement effective March 12, 2024; TLGY agreed but disputed the grounds.","Ancillary agreements—acquiror support, company support, and sponsor share restriction—also terminated.","TLGY intends to continue evaluating other possible business combination targets.","Merger Agreement originally signed June 21, 2023; amended August 11, 2023; target was Verde Bioresins."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-035555","json":"https://secwatch.observer/filing/0001104659-24-035555.json","markdown":"https://secwatch.observer/filing/0001104659-24-035555.md","text":"https://secwatch.observer/filing/0001104659-24-035555.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1879814/000110465924035555/0001104659-24-035555-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1879814/000110465924035555/tm248961d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T15:53:32.292288+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1b4069ad366e776dc751a754c20e3b224123218c","claim":"TLGY ACQUISITION CORP terminated Company Support Agreement with Humanitario Capital LLC and Verde Bioresins, Inc. (effective 2024-03-18).","evidence_excerpt":"As a result of the agreed upon termination of the Merger Agreement, the Acquiror Support Agreement entered among TLGY, Verde and the Sponsor dated June 21, 2023, the Company Support Agreement between Humanitario Capital LLC, TLGY and Verde dated June 21, 2023, and Sponsor Share Restriction Agreement entered among TLGY, Verde and the Sponsor dated June 21, 2023, automatically terminated.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1879814/000110465924035555/0001104659-24-035555-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Humanitario Capital LLC and Verde Bioresins, Inc."},{"label":"Effective","value":"2024-03-18"}],"fact_type":"material_agreement"},{"claim_id":"331ab829fff7925af68ffafdfcec1fc67afecae1","claim":"TLGY ACQUISITION CORP terminated Sponsor Share Restriction Agreement with Verde Bioresins, Inc. and TLGY Sponsors LLC (effective 2024-03-18).","evidence_excerpt":"As a result of the agreed upon termination of the Merger Agreement, the Acquiror Support Agreement entered among TLGY, Verde and the Sponsor dated June 21, 2023, the Company Support Agreement between Humanitario Capital LLC, TLGY and Verde dated June 21, 2023, and Sponsor Share Restriction Agreement entered among TLGY, Verde and the Sponsor dated June 21, 2023, automatically terminated.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1879814/000110465924035555/0001104659-24-035555-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Verde Bioresins, Inc. and TLGY Sponsors LLC"},{"label":"Effective","value":"2024-03-18"}],"fact_type":"material_agreement"},{"claim_id":"b5a53a191a0b8745a2d9a717ea88b6f58ec05918","claim":"TLGY ACQUISITION CORP terminated Agreement and Plan of Merger with Verde Bioresins, Inc. (effective 2024-03-18).","evidence_excerpt":"On March 12, 2024, TLGY received a termination notice (the “Termination Notice”) from Verde stating that Verde was exercising its right to terminate the Merger Agreement (the “Termination”) and all ancillary agreements, pursuant to Section 10.01(c) of the Merger Agreement. On March 18, 2024, TLGY responded to the Termination Notice and agreed to a termination of the Merger Agreement, but disputed the grounds for the termination of the Merger Agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1879814/000110465924035555/0001104659-24-035555-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Verde Bioresins, Inc."},{"label":"Effective","value":"2024-03-18"}],"fact_type":"material_agreement"},{"claim_id":"eadacd30dd98bd33b68f907e7332db7ca5832b84","claim":"TLGY ACQUISITION CORP terminated Acquiror Support Agreement with Verde Bioresins, Inc. and TLGY Sponsors LLC (effective 2024-03-18).","evidence_excerpt":"As a result of the agreed upon termination of the Merger Agreement, the Acquiror Support Agreement entered among TLGY, Verde and the Sponsor dated June 21, 2023, the Company Support Agreement between Humanitario Capital LLC, TLGY and Verde dated June 21, 2023, and Sponsor Share Restriction Agreement entered among TLGY, Verde and the Sponsor dated June 21, 2023, automatically terminated.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1879814/000110465924035555/0001104659-24-035555-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Verde Bioresins, Inc. and TLGY Sponsors LLC"},{"label":"Effective","value":"2024-03-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}