Verde Investment Highlights
Non-redeeming Shareholder Scenarios Based on Redemptions
Potentially higher common shareholding for non-redeeming shareholders as redemption rates increase
Redemptions (% of total trust cash)
0%
50%
Total Common Shares & Warrants of Public Shareholders
Number of TLGY Common Shares Post-Redemption
Number of TLGY Detachable Public Warrants
Number of TLGY Non-Detachable Public Warrants
TLGY
75%
80%
90%
95%
7,318,182
3,659,091 1,829,546 1,463,636
731,818
365,909
11,500,000 11,500,000 11,500,000 11,500,000
11,500,000 11,500,000
5,750,000 5,750,000 5,750,000 5,750,000 5,750,000 5,750,000
Economics Per One Common Share held by Non-Redeemed Public Shareholders
(Excluding 0.5 detachable warrant, which does not have a right for the warrant holder to be converted to Common Shares at De SPAC)
One Common Share
1.00
1.00
1.00
1.00
1.00
1.00
Number of TLGY Non-Detachable Public Warrants per One Common Share
0.79
1.57
3.14
3.93
7.86
15.71
Preemptive Warrant Conversion: The non-redeeming public shareholders are expected to be given a right to convert the Non-Detachable Public Warrants to Common
Shares at a ratio of 5 to 1
Warrant to Common Share Conversion Ratio of Non-Detachable Warrants at
Closing
5.0x
5.0x
5.0x
5.0x
5.0x
5.0x
Number of Common Shares Converted from Non-Detachable Warrants at
Closing
0.16
0.31
0.63
0.79
1.57
3.14
Total Implied Total Common Shares for Each Unredeemed Common
Share Post-DeSPAC (Conversion to be rounded off to whole units)
1.16
1.31
1.63
1.79
2.57
4.14
Indicative Value of One Unredeemed Common Share Post-DeSPAC
(at $10.9/share¹; currently trading between $10.6 and $10.7)
Verde
$12.6
$14.4
$17.8
$19.5
$28.0
$45.1
Note 1: Trading price for a common share close to closing (also close to redemption date) is likely to be around or higher than the
redeeming value of trust cash at closing, which is expected to be around $10.9 per share by the end of Q4; trading between
$10.55 and $10.75 per share in May and June MTD.
25View entire presentation