TLGY Acquisition restates FY2023 and Q1 2024 financials due to $1.25M convertible note error

TLGY ACQUISITION CORP

Convertible promissory notes payable understated by $1,253,224; change in fair value overstated by same amount.
Prior Period Financial Statements (FY2023 10-K, Q1 2024 10-Q) should no longer be relied upon.
Material weakness in internal control over financial reporting identified; disclosure controls ineffective.
Restated FY2023 10-K/A and Q2 2024 10-Q to be filed concurrently with this 8-K.
No impact on cash and cash equivalents; error corrected prospectively.

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