TLGY Acquisition borrows up to $1M in unsecured promissory notes from sponsors

TLGY ACQUISITION CORP

Two lenders commit up to $545,000 and $455,000 respectively; notes non-interest bearing.
Principal due earlier of 15 months post-IPO or initial business combination closing.
Upon business combination, lenders may convert unpaid principal into working capital warrants at $1.00 per warrant.
Proceeds used for operation costs and proposed business combination expenses.
Warrants identical to IPO private placement warrants and carry registration rights.

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