Here are the 10-Q quarterly reports from Tlgy Acq Corp WTS (TLGWF) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow TLGWF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TLGWF filings page.
TLGY Acquisition Corporation reported a net loss of $4.3 million for the quarter ended March 31, 2026, driven mainly by a $3.4 million loss from the change in fair value of derivative warrant liabilities and higher general and administrative expenses of $0.95 million.
Total assets were $6.5 million, including $6.46 million of cash and investments held in the Trust Account, while cash outside the trust was just $2,812. The company had a working capital deficit of $7.0 million and derivative warrant liabilities of $18.2 million, resulting in a shareholders’ deficit of $25.2 million.
The SPAC’s shareholders approved a business combination with StablecoinX Assets Inc., but the transaction had not closed and remains subject to customary conditions. Management disclosed that the limited liquidity, working capital deficit, and deadline to complete a business combination by May 16, 2026 (extendable to October 16, 2026) raise substantial doubt about the company’s ability to continue as a going concern.
TLGY Acquisition Corporation filed its Q3 2025 10‑Q, reporting a net loss of $22,167,803 for the quarter and a working capital deficit of $5,750,659 as of September 30, 2025. The quarter’s loss was primarily driven by a $21,621,525 non‑cash loss from the change in fair value of derivative warrant liabilities.
Cash was $347,921, with $6,210,376 in the Trust Account tied to 489,887 Class A shares subject to redemption at $12.68 per share. During April 2025, holders redeemed 3,227,320 Class A shares for $39,113,394, reducing trust assets from year‑end levels. Management disclosed substantial doubt about continuing as a going concern if no business combination is completed by November 16, 2025 (or up to April 16, 2026 if extended).
On July 21, 2025, TLGY signed a Business Combination Agreement with StablecoinX Assets Inc.; founders include TLGY’s CEO and the current sponsors’ managing member. In May 2024, the IPO representative Mizuho waived $8,650,000 in deferred underwriting fees and later forfeited 300,300 Class B shares. TLGY’s securities were delisted from Nasdaq in December 2024 and now trade over‑the‑counter. As of November 10, 2025, total shares outstanding were 5,939,587 (5,834,587 Class A; 105,000 Class B).