SEC Comment Letter 0000000000-23-000572 to TLGY ACQUISITION CORP (TLGY, TLGYU, TLGYW) (CIK 0001879814) (TLGUF)
TLGY ACQUISITION CORP (TLGY, TLGYU, TLGYW) (CIK 0001879814)
Date: Jan. 19, 2023 · CIK: 0001879814 · Accession: 0000000000-23-000572
AI Filing Summary & Sentiment
File numbers found in text: 001-41101
Letter
United States securities and exchange commission logo January 19, 2023 Jin-Goon Kim Chief Executive Officer TLGY ACQUISITION CORP 4001 Kennett Pike, Suite 302 Wilmington, DE 19807 Re:TLGY ACQUISITION CORP Preliminary Proxy Statement on Schedule 14A Filed January 13, 2023 File No. 001-41101 Dear Jin-Goon Kim: We have reviewed your filing and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Preliminary Proxy Statement on Schedule 14A General 1.With a view toward disclosure, please tell us whether your sponsor is, is controlled by, or has substantial ties with a non-U.S. person. If so, also include risk factor disclosure that addresses how this fact could impact your ability to complete your initial business combination. For instance, discuss the risk to investors that you may not be able to complete an initial business combination with a U.S. target company should the transaction be subject to review by a U.S. government entity, such as the Committee on Foreign Investment in the United States (CFIUS), or ultimately prohibited. Disclose that a result, the pool of potential targets with which you could complete an initial business combination may be limited. Further, disclose that the time necessary for government review of the transaction or a decision to prohibit the transaction could prevent you from completing an initial business combination and require you to liquidate. Disclose the consequences of liquidation to investors, such as the losses of the investment opportunity in a target company, any price appreciation in the combined company, and the warrants,
FirstName LastNameJin-Goon Kim Comapany NameTLGY ACQUISITION CORP January 19, 2023 Page 2 FirstName LastName Jin-Goon Kim TLGY ACQUISITION CORP January 19, 2023 Page 2 which would expire worthless. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Catherine De Lorenzo at 202-551-4079 or David Link at 202-551- 3356 with any questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc: Adam Brenneman, Esq.
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United States securities and exchange commission logo
January 19, 2023
Jin-Goon Kim
Chief Executive Officer
TLGY ACQUISITION CORP
4001 Kennett Pike, Suite 302
Wilmington, DE 19807
Re:TLGY ACQUISITION CORP
Preliminary Proxy Statement on Schedule 14A
Filed January 13, 2023
File No. 001-41101
Dear Jin-Goon Kim:
We have reviewed your filing and have the following comment. In our comment, we
may ask you to provide us with information so we may better understand your disclosure.
Please respond to this comment within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this comment, we may have additional comments.
Preliminary Proxy Statement on Schedule 14A
General
1.With a view toward disclosure, please tell us whether your sponsor is, is controlled by, or
has substantial ties with a non-U.S. person. If so, also include risk factor disclosure that
addresses how this fact could impact your ability to complete your initial business
combination. For instance, discuss the risk to investors that you may not be able to
complete an initial business combination with a U.S. target company should the
transaction be subject to review by a U.S. government entity, such as the Committee on
Foreign Investment in the United States (CFIUS), or ultimately prohibited. Disclose that a
result, the pool of potential targets with which you could complete an initial business
combination may be limited. Further, disclose that the time necessary for government
review of the transaction or a decision to prohibit the transaction could prevent you from
completing an initial business combination and require you to liquidate. Disclose the
consequences of liquidation to investors, such as the losses of the investment opportunity
in a target company, any price appreciation in the combined company, and the warrants,
FirstName LastNameJin-Goon Kim
Comapany NameTLGY ACQUISITION CORP
January 19, 2023 Page 2
FirstName LastName
Jin-Goon Kim
TLGY ACQUISITION CORP
January 19, 2023
Page 2
which would expire worthless.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
You may contact Catherine De Lorenzo at 202-551-4079 or David Link at 202-551-
3356 with any questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction
cc: Adam Brenneman, Esq.