Verde Investment Highlights
TLGY
Key Risks Related to the Transaction and TLGY (continue)
Risks if the Adjournment Proposal is Not Approved
If the Adjournment Proposal is not approved, and an insufficient number of votes have been obtained to authorize the consummation of the Transaction and the Domestication, the TLGY
Board will not have the ability to adjourn the extraordinary general meeting to a later date in order to solicit further votes, and, therefore, the Transaction will not be approved, and,
therefore, the Transaction may not be consummated.
Risks if the Domestication and the Transaction are not Consummated
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We cannot assure you that we will be able to complete the Transaction or any other business combination prior to April 3, 2023, the date by which we are required to complete a business
combination or be forced to liquidate.
If TLGY is not able to complete the Transaction with Verde nor able to complete another business combination by April 3, 2023, in each case, as such date may be extended pursuant to its
Existing Governing Documents, TLGY would cease all operations except for the purpose of winding up and TLGY would redeem its public shares and liquidate the Trust Account, in which
case TLGY's public shareholders may only receive approximately $10.00 per share and TLGY's warrants will expire worthless.
Unlike other blank check companies, TLGY may extend the time to complete an initial business combination by up to nine months for paid extension. However, the Sponsor may decide not
to extend the time for TLGY to complete an initial business combination.
You will not have any rights or interests in funds from the Trust Account, except under certain limited circumstances. To liquidate your investment, therefore, you may be forced to sell your
public shares or public warrants, potentially at a loss.
If TLGY does not consummate the Transaction or any other business combination by April 3, 2023, TLGY's public shareholders may be forced to wait until after April 3, 2023 before
redemption proceeds from the Trust Account may become available to TLGY's public shareholders.
If the cash held outside the Trust Account is insufficient to allow TLGY to operate through April 3, 2023, and TLGY is unable to obtain additional capital, TLGY may be unable to complete its
initial business combination (including the Transaction), in which case TLGY's public shareholders may only receive $10.00 per share, and TLGY's warrants will expire worthless.
Verde
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