Verde Bioresins to go public via merger with TLGY Acquisition.

Verde Bioresins, a full-service bioplastics company that specializes in sustainable product innovation, agreed to go public via merger with TLGY Acquisition, a publicly traded special purpose acquisition company. Financial terms were not disclosed. “We are extremely pleased to announce our business combination with Verde, a first-mover with impressive growth potential aided by significant regulatory tailwinds in a massive addressable market. In our opinion and based on our due diligence, we believe Verde is one of the first full-service bio-resin market solutions that can meet most of the environmental, application, manufacturing, and cost requirements in the industry. We are excited to support the commercialization of Verde’s proprietary products and the scaling of its production capabilities as it strives to become an industry leader. We believe Verde is a pioneer in advancing global sustainability initiatives and we look forward to supporting the company in its mission of providing an effective and environmentally friendly plastic alternative to combat today’s current global waste crisis,” Jin-Goon Kim, TLGY Chairman and CEO.