TLGY Acquisition Corp. Merger Plans with Verde Collapse

TLGY Acquisition Corp. Class A (TLGY) has issued an update.

TLGY Acquisition Corporation and Verde Bioresins, Inc. had a merger agreement that was recently terminated by Verde, with TLGY disputing the grounds but agreeing to the termination. This development also led to the automatic termination of related support and restriction agreements. Despite this setback, TLGY is actively seeking other potential business combination opportunities.

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