Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 486

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 486
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 unsecured promissory notes (collectively, the “ Fourth Extension Promissory Notes”) to CPCSO and CPC Parallel, of approximately $13,349 and $11,145, respectively, in order to deposit the monthly extension payment to extend the period of time that TLGY has to complete its initial business combination by an additional month. The Fourth Extension Promissory Notes are non -interestbearing and payable on the earlier of (i) fifteen (15) months from the closing of TLGY’s Initial Public Offering (or such later date as may be extended in accordance with the terms of The TLGY Organizational Documents), or (ii) the date on which TLGY consummates an initial business combination. 237 As of September 30, 2025 and December 31, 2024, TLGY had $2,541,966 and $1,914,000 outstanding balance under the Extension Loans. As of September 30, 2025, the Current Sponsors provided TLGY with an aggregate of $846,966 of Extension Loans. Business Combination with SC Assets On July 21, 2025, TLGY entered into the Business Combination Agreement with SC Assets, StablecoinX, SPAC Merger Sub and Company Merger Sub, pursuant to which, (1) TLGY will merge with and into SPAC Merger Sub, with SPAC Merger Sub continuing as the surviving company, and (2) immediately following the SPAC Merger, Company Merger Sub will merge with and into SC Assets, with SC Assets continuing as the surviving company. As a result of the Mergers and the other transactions contemplated by the Business Combination Agreement, and the documents related thereto, TLGY and SC Assets will become wholly -ownedsubsidiaries of StablecoinX and StablecoinX will become a publicly traded company. Young Cho, the Chief Executive Officer and Executive Director of TLGY, and Edward Chen, the managing partner of the manager of the Current Sponsors, are the founders and, as of the date of this proxy statement/prospectus, the owners of an aggregate of 93% of the total outstanding shares of SC Assets Common Stock. SC Assets was formed for the purpose of completing a business combination with TLGY. In connection with the Business Combination, TLGY, SC Assets and StablecoinX entered into several ancillary agreements to facilitate the transaction. For additional information on the Business Combination Agreement and the related agreements, see the sections entitled “ The Business Combination Proposal — Business Combination Agreement