secwatch / observer
8-K filed April 16, 2024, 7:59 PM ET ticker TLGYF CIK 0001879814
other material confidence high sentiment negative materiality 0.70

SPAC TLGY shareholders approve charter amendment to cut monthly extension payment; 2.2M shares redeemed

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 0.9

TLGY ACQUISITION CORP: Amendment to reduce monthly extension payment from the lesser of $0.033 or $110,000 to the lesser of $0.02 or $60,000 (effective 2024-04-16).

Change
charter amendment
Effective
2024-04-16
Exact text from the filing
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 twelve 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 $0.033 per outstanding share and $110,000 to the lesser of (x) $0.02 per outstanding share and (y) $60,000.
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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
At the Company’s Extraordinary General Meeting, the following proposal was considered and acted upon by the shareholders of the Company: a proposal to approve by special resolution the Charter Amendment (the “Charter Amendment Proposal”). The number of votes cast for or against, as well as the number of abstentions as to each proposal, are set forth below. Charter Amendment Proposal Votes For Votes Against Abstentions 9,596,790 845,214 26
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261 governance changes filed in the last 30 days. Browse all governance changes →

TLGY ACQUISITION CORP filing history →

Source: SEC EDGAR
accession 0001104659-24-047788
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