--- title: "TLGY ACQUISITION CORPORATION UNIT 1 COM CL A & 1/2 WT EXP(04/11/2026) | 10-Q: FY2026 Q1 Revenue: USD 0" type: "News" locale: "en" url: "https://longbridge.com/en/news/286407278.md" datetime: "2026-05-14T11:22:35.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286407278.md) - [en](https://longbridge.com/en/news/286407278.md) - [zh-HK](https://longbridge.com/zh-HK/news/286407278.md) generator: "portal-rs" --- # TLGY ACQUISITION CORPORATION UNIT 1 COM CL A & 1/2 WT EXP(04/11/2026) | 10-Q: FY2026 Q1 Revenue: USD 0 Revenue: As of FY2026 Q1, the actual value is USD 0. EPS: As of FY2026 Q1, the actual value is USD -0.73. EBIT: As of FY2026 Q1, the actual value is USD -999.08 K. TLGY Acquisition Corporation operates as a single reportable segment, with performance assessed based on overall net income or loss and total assets. #### Operational Metrics (Three Months Ended March 31) - **Net Income (Loss)**: The company reported a net loss of - $4,323,559 for 2026, a significant increase from a net loss of - $38,289 in 2025. - **General and Administrative Expenses**: These expenses rose to $954,356 in 2026 from $136,233 in 2025. - **Income Earned on Cash and Investments Held in Trust Account**: This decreased to $44,722 in 2026 from $466,024 in 2025. - **Change in Fair Value of Derivative Liabilities**: The loss from this change increased to - $3,413,925 in 2026 from - $452,914 in 2025. - **Forgiveness of Debt**: There was no forgiveness of debt in 2026, compared to $84,834 in 2025. #### Balance Sheet Data (as of March 31, 2026, compared to December 31, 2025) - **Total Assets**: Total assets were $6,503,583 as of March 31, 2026, up from $6,447,220. - **Cash and Investments Held in Trust Account**: This amounted to $6,463,010 as of March 31, 2026, compared to $6,344,805. - **Total Liabilities**: Total liabilities increased to $25,267,292 as of March 31, 2026, from $21,752,370. - **Derivative Warrant Liabilities**: These liabilities rose to $18,207,600 as of March 31, 2026, from $14,793,675. - **Convertible Promissory Note Payable – Current Sponsors**: This increased to $3,687,325 as of March 31, 2026, from $2,977,325. - **Convertible Promissory Note Payable – Former Sponsor**: This remained constant at $2,912,000 as of both dates. - **Working Capital Deficit**: As of March 31, 2026, the company had a working capital deficit of $7,019,119. #### Cash Flow (Three Months Ended March 31) - **Net Cash Used In Operating Activities**: The company used - $711,120 in operating activities in 2026, compared to - $105,035 in 2025. - **Net Cash Used In Investing Activities**: Investing activities used - $73,483 in 2026, compared to - $180,000 in 2025. - **Net Cash Provided By Financing Activities**: Financing activities provided $710,000 in 2026, up from $330,000 in 2025. #### Unique Metrics - **Class A Ordinary Shares Subject to Possible Redemption**: As of March 31, 2026, there were 489,887 Class A ordinary shares subject to possible redemption, valued at $6.5 million, an increase from $6.3 million as of December 31, 2025. - **Working Capital Loans (Related Party)**: Outstanding loans totaled $3,910,393 as of March 31, 2026, with current sponsors providing $2,693,393. - **Time Extension Funding Loans (Related Party)**: Outstanding loans totaled $2,688,932 as of March 31, 2026, with current sponsors providing $993,932. #### Future Outlook and Strategy TLGY Acquisition Corporation’s core strategy is to complete its business combination with StablecoinX Assets Inc. and StablecoinX Inc., which received shareholder approval on March 10, 2026. This transaction is contingent on customary closing conditions, including the listing of StablecoinX Class A Common Stock on Nasdaq or another national securities exchange, and is expected to close as soon as practicable. Shareholders also approved an amendment to extend the period for consummating a business combination monthly until May 29, 2026, subject to sponsor deposits into the Trust Account, which addresses liquidity concerns and the going concern risk. ### Related Stocks - [TLGUF.US](https://longbridge.com/en/quote/TLGUF.US.md) ## Related News & Research - [Marisa updates financial events calendar for 2026](https://longbridge.com/en/news/297913424.md) - [Gaming and Leisure Properties declares Q3 2026 dividend of $0.82 per share](https://longbridge.com/en/news/297652371.md) - [LyondellBasell announces dividend of R$ 1.72 per unit for 3Q 2026](https://longbridge.com/en/news/297814383.md) - [Americold Realty Trust declares Q3 2026 dividend of R$ 0.27 per unit](https://longbridge.com/en/news/297823075.md) - [Charles Schwab declares Q3 2026 dividend of R$ 0.14 per unit](https://longbridge.com/en/news/297683088.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**