---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-090895"
form_type: "8-K"
ticker: "TLGYF"
cik: "0001879814"
company_name: "TLGY ACQUISITION CORP"
filed_at: "2024-08-19T23:59:59+00:00"
generated_at: "2026-05-31T08:43:34.311942+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-090895
- form_type: 8-K
- ticker: TLGYF
- cik: 0001879814
- company_name: TLGY ACQUISITION CORP
- filed_at: 2024-08-19T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1879814/000110465924090895/0001104659-24-090895-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1879814/000110465924090895/tm2421982d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-090895
- JSON: https://secwatch.observer/filing/0001104659-24-090895.json
- Plain text: https://secwatch.observer/filing/0001104659-24-090895.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.