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TLGY Acquisition Priced, Nasdaq: TLGY

Blank check company formed by TLGY Holdings targeting the biopharma and tech-enabled B2C industries (pending: Verde Bioresins).

Industry: SPAC

Latest Trade: $11.38 0.00 (0.0%)

First Day Return: +0.5%

Return from IPO: +13.8%

Industry: SPAC

We are a newly incorporated blank check company. While we may pursue an acquisition opportunity in any business, industry, sector, or geographical location, we intend to focus on targets in industries where we believe our management team and our founder’s expertise will provide us with a competitive advantage, including biopharma or technology enabled business-to-consumer (“B2C”) industries globally. We believe the innovations in these sectors that have emerged in recent years, partly as a response to the broad social, economic, and behavioral changes arising from the COVID-19 global pandemic, provide attractive opportunities to target high growth companies with technology and business model innovation. For example, by virtue of our team’s industry network and our founder’s recent investments, we have turned our attention towards certain sub-segments in healthcare, including neurology and rare diseases, where we believe we can find attractive targets for our business combination. While we will target companies globally, we believe that our team’s strong ties to Asia gives us an advantage in sourcing Asia-originated biopharma companies with global aspirations for the purposes of a business combination in the U.S. market. We believe favorable innovation and regulatory trends in Asia should position us well for such opportunities.
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IPO Data
IPO File Date 10/14/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/30/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Mizuho Securities
Baird
Company Data
Headquarters Wilmington, DE, United States
Founded 2021
Employees 3

TLGY Acquisition (TLGY) Performance