TLGY is a Special Purpose Acquisition Company (NASDAQ: TLGY) with deep roots in private equity and transformational operations that seeks to identify, merge with, and operate a business based on our expertise in the field and differentiated capabilities: investment expertise, proprietary deal sourcing and operational value creation. TLGY is founded by Jin-Goon Kim, a former partner of TPG Capital and a former CEO of industry leaders in Asia.
In June 2023, TLGY announced a planned business combination with Verde Bioresins. Founded in 2020, Verde is a full-service bioplastics company specializing in sustainable materials, innovation, and state-of-the-art manufacturing with its proprietary, and potentially industry-disrupting, bio-based, renewable, and sustainable PolyEarthyleneTM resin. PolyEarthyleneTM aims to accelerate the transition to a more sustainable and circular economy, addressing nearly half of the $600 billion global plastics market that is faced with mounting regulatory pressure for eco-friendly solutions.
PolyEarthyleneTM is cost-competitive, scalable and versatile, making it a sustainable option for a wide range of manufacturing processes.
Vinmar, a global distributor of plastics, entered into a strategic partnership with Verde to market PolyEarthyleneTM, and has been working closely to market PolyEarthyleneTM to its large corporate customer base, generating more than a dozen opportunities and several initial orders with potential customers in the first few months.
The proposed business combination implies a pre-money enterprise value of $365 million (pro forma EV of $433 million) on a cash-free and debt-free basis (excluding up to $365 million in performance-based earnouts shares).
Upon closing of the business combination, the combined company is expected to list its common stock on Nasdaq under the new ticker symbol “VRDE”.
For more information, visit www.tlgyacquisition.com.
TLGY Acquisition Corporation has 1 investors on record on gritt.io, 1 mid-stage.
When did TLGY Acquisition Corporation last raise funding?
The most recent investment in TLGY Acquisition Corporation recorded on gritt.io was in July 2024.
When was TLGY Acquisition Corporation founded?
TLGY Acquisition Corporation was founded in 2021.
What industry is TLGY Acquisition Corporation in?
TLGY Acquisition Corporation operates in Venture Capital and Private Equity Principals. Find similar Venture Capital and Private Equity Principals investors on gritt.io.
Where is TLGY Acquisition Corporation based?
TLGY Acquisition Corporation is headquartered in Hong Kong, Hong Kong SAR.
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