TLGY Acquisition Corporation CEO Jin-Goon Kim joined Steve Darling from Proactive to share news the company has announced the submission of a registration statement on Form S-4 to the US Securities and Exchange Commission, outlining the proposed business combination with Verde Bioresins, Inc.
Kim emphasized that Verde is at the forefront of sustainable product innovation, specializing in full-service bioplastics and their proprietary bioresins known as PolyEarthylene. Once the proposed business combination is finalized, the merged entity is anticipated to list its common stock and warrants on the Nasdaq stock exchange using the ticker symbols "VRDE" and "VRDEW," respectively.
TLGY, as a special purpose acquisition company (SPAC), boasts the support of a team with extensive experience in private equity investments and operations. This unique SPAC structure is designed to reflect their expertise and focus on long-term value creation.
The partnership between TLGY and Verde aims to provide environmentally conscious solutions to combat the global plastic pollution crisis. Through this business combination, TLGY and Verde are aligning to drive innovation, sustainability, and value creation, offering potential benefits to both the market and the environment.
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TLGY Acquisition Corp