TLGY Acquisition Corporation Announces Filing of Registration Statement on Form S-4 in Connection With Its Proposed Business Combination With Verde Bioresins

TLGY Acquisition Corporation (Nasdaq: TLGY) (“TLGY”), a publicly traded special purpose acquisition company (“SPAC”), today announced the filing of a registration statement on Form S-4 (the "Registration Statement") with the U.S. Securities and Exchange Commission (“SEC”), which includes a preliminary proxy statement and prospectus in connection with the proposed business combination with Verde Bioresins, Inc. (“Verde” or the “Company”), a visionary in sustainable product innovation and full-service bioplastics production company with its innovative and proprietary bioresins, known as PolyEarthylene. Upon closing of the proposed business combination, the combined company is expected to list its common stock and warrants on Nasdaq under the new ticker symbols “VRDE” and “VRDEW,” respectively.

While the Registration Statement has not yet become effective and the information contained therein is subject to change, it provides important information about Verde, TLGY, and the proposed business combination.

"The global plastic market is a $600 billion industry and our mission is to use PolyEarthylene to dramatically reduce the introduction of new permanent plastic waste into the environment,” said Brian Gordon, Chairman of Verde Bioresins. “We have created an alternative solution that is bio-based, recyclable, and landfill biodegradable that is highly scalable and lower cost than other bioplastics. From durable goods to single-use items, our versatile solution fits many industrial and consumer applications. Unlike most other bio-based resins, our PolyEarthylene resin uses highly scalable commercially available ingredients and is ‘drop-in’ ready with the existing supply chain and large-scale manufacturing facilities. This creates a compelling value proposition as a potential replacement for significant portions of conventional plastic resins.”

“We believe this business combination will further increase our contribution to the global transition to a more sustainable, circular economy, while creating shareholder value,” added Gordon.

TLGY is a SPAC backed by a team of accomplished private equity investors and operators who have created a SPAC structure that reflects their differentiated experience. With a strong focus on driving value creation over the long term, the partnership between TLGY and Verde aspires to offer sustainable solutions to address the global plastic pollution crisis.