8-K
filed June 21, 2024, 7:59 PM ET
ticker TLGYF
CIK 0001879814
other material
confidence high
sentiment neutral
materiality 0.80
TLGY ACQUISITION CORP (TLGYF): M&A transaction — TLGY Acquisition Corp control changes to CPC Funds; new CEO, CFO, and directors named
TLGY ACQUISITION CORP
- CPC Sponsor Opportunities funds acquire 3,542,305 Founder Shares and 3,940,825 warrants for $1.00, gaining ~45% control.
- Former CEO Jin-Goon Kim resigns as CEO and interim CFO; remains board chairman.
- Vikas Desai appointed CEO and director; Merrick Friedman CFO; Enrique Klix and Young Cho independent directors.
- Company extends business combination deadline to July 16, 2024 after depositing $60,000 into trust.
- New directors appointed to audit, compensation, and nominating committees.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jin-Goon Kim resigned as Chief Executive Officer at TLGY ACQUISITION CORP.
- Action
- resigned
- Role
- Chief Executive Officer
Exact text from the filing
the Company received a notice from Jin-Goon Kim (“Mr. Kim”), who served as the Chief Executive Officer (“CEO”), the interim Chief Financial Officer (“interim CFO”) and the chairman of the board of directors (the “Board”) of the Company, of his decision to resign as the CEO and the interim CFO of the Company, effectively immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Merrick Friedman was appointed as Chief Financial Officer at TLGY ACQUISITION CORP.
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
Merrick Friedman was appointed as the CFO of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Young Cho was appointed as Independent Director at TLGY ACQUISITION CORP.
- Action
- appointed
- Role
- Independent Director
Exact text from the filing
Young Cho was appointed as an independent director of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Vikas Desai was appointed as Chief Executive Officer at TLGY ACQUISITION CORP.
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
Vikas Desai was appointed as the CEO and a director of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Enrique Klix was appointed as Independent Director at TLGY ACQUISITION CORP.
- Action
- appointed
- Role
- Independent Director
Exact text from the filing
Enrique Klix was appointed as an independent director of the Company
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.98
TLGY ACQUISITION CORP underwent a change of control involving CPC Sponsor Opportunities I, LP and CPC Sponsor Opportunities I (Parallel), LP for aggregate purchase price of $1.00 (closed 2024-06-19).
- Action
- change of control
- Counterparty
- CPC Sponsor Opportunities I, LP and CPC Sponsor Opportunities I (Parallel), LP
- Consideration
- aggregate purchase price of $1.00
- Closing
- 2024-06-19
Exact text from the filing
On April 16, 2024, the Company, the Former Sponsor , TLGY Holdings LLC, which is the holding company of the Former Sponsor , CPC Sponsor Opportunities I, LP and CPC Sponsor Opportunities I (Parallel), LP (CPC Sponsor Opportunities I, LP and CPC Sponsor Opportunities I (Parallel), LP, together, the “Buyers”), the Buyers being current stakeholders of economic interests in the Former Sponsor , entered into a securities transfer agreement (“Securities Transfer Agreement”), pursuant to which, at a closing on June 19, 2024 (the “Closing”), Buyers, for an aggregate purchase price of $1.00 (the “Purchase Price”), (i) purchased 3,542,305 Class B ordinary shares of the Company (the “Founder Shares”) from the Former Sponsor, certain investors who held the Founder Shares, and three present or previous independent directors of the Company, and (ii) purchased 3,940,825 warrants, each exercisable to purchase one Class A ordinary share at $11.50 per share (“Private Placement Warrants”) from the Former
View on SEC.gov
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