In a recent filing with the Securities and Exchange Commission, TLGY Acquisition Corp (NASDAQ:TLGY), a company specializing in plastics and synthetic resins, announced an extension of its deadline to complete an initial business combination. The new termination date is set for January 16, 2025.
The extension was made possible by a $60,000 deposit into the company's trust account by the sponsor or its affiliates or designees. This deposit, made on Monday, ensures the company now has an additional month from the original deadline of December 17, 2024, to finalize its business combination efforts.
The company's securities, including units (NASDAQ:TLGYU), Class A ordinary shares (NASDAQ:TLGY), and redeemable warrants (NASDAQ:TLGYW), are traded on The Nasdaq Stock Market LLC. TLGY Acquisition Corp, which is registered in the Cayman Islands and has its principal executive offices in Wilmington, DE, is identified as an emerging growth company.
This strategic move allows TLGY Acquisition Corp more time to solidify its business combination plans, which is a critical step for companies structured as acquisition vehicles. The SEC filing by TLGY Acquisition Corp is the primary source of information for this announcement.
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