Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 336

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 336
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 above -mentionedrequirements for removal of directors are a prudent corporate governance measure to reduce the possibility that a relatively small number of stockholders could seek to implement a sudden and opportunistic change in control of the StablecoinX Board without the support of the then incumbent board of directors. These changes will enhance the likelihood of continuity and stability in the composition of the StablecoinX Board, avoid costly takeover battles, reduce StablecoinX’s vulnerability to a hostile change of control and enhance the ability of the StablecoinX Board to maximize shareholder value in connection with any unsolicited offer to acquire StablecoinX. Advisory Organizational Documents Proposal H - Removal of Provisions Specific to Blank Check and Special Purpose Acquisition Companies The TLGY Board believes eliminating certain provisions in the TLGY Organizational Documents relating to TLGY’s status as a blank check company is desirable because these provisions will serve no purpose following the Business Combination, and many of these provisions will terminate upon the consummation of the Company’s Business Combination. For example, removing the requirement to dissolve TLGY and allow it to continue as a corporate entity with perpetual existence following consummation of the Business Combination, among others. Perpetual existence is the usual period of existence for corporations, and TLGY Board believes it is the most appropriate period for TLGY following the Business Combination. In addition, certain other provisions in the TLGY Organizational Documents require that proceeds from TLGY’s initial public offering be held in the Trust Account until a business combination or liquidation of merger has occurred. These provisions will cease to apply once the Business Combination is consummated. Vote Required for Approval The approval of each of the Advisory Organizational Documents Proposals does not require the passing of a resolution under the TLGY Organizational Documents or Cayman Islands law. Notwithstanding this, the TLGY Board is asking TLGY shareholders to vote on each of the Advisory Organizational Documents Proposals on a non -bindingadvisory basis, being a non -bindingadvisory resolution passed by a simple majority of the TLGY Ordinary Shares, who, being present in person or by proxy and entitled to vote at the extraordinary general meeting, vote at the extraordinary general meeting. Abstentions will be counted towards the quorum requirement but neither abstentions or broker non -voteswill not have an effect on each of the Advisory Organizational Documents Proposals. The adoption of the Advisory Organizational Documents Proposals are conditioned upon the adoption of the Condition Precedent Proposals. Although the TLGY Board is asking TLGY shareholders to approve each