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.

Biotechnology

Business Development

Chemicals

Investment Management

Sustainability

TLGY Acquisition Corporation

Vikas Desai

Naresh Kumra

Jin-Goon Kim

Jonathan Kwong

TLGY Acquisition Corporation

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