TLGY Acquisition in a preliminary proxy filing seeks to eliminate the three-month automatic extension period in case it filed for a business combination during (i) the 15-month period from the SPAC’s Dec. 3, 2021 IPO or (ii) any paid extension period.
TLGY further wants shareholder to approve a measure that would change monthly extension payments from the current 3.3 cents a share to the lesser of 3.3 cents a share and $180,000.
The SPAC raised $200 million in an IPO to focus on the global biopharma or technology enabled B2C industries. Read more.
