Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 332

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 332
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GY, or shares of SC Assets Common Stock and SC Assets, as applicable, instead of shares of StablecoinX Common Stock and StablecoinX), in which case, see such section below (with reference to Public Shares, Public Warrants, and TLGY, or shares of SC Assets Common Stock and SC Assets, as applicable, instead of shares of StablecoinX Common Stock and StablecoinX). Ownership and Disposition of Shares of StablecoinX Common Stock Tax Consequences to U.S. Holders Distributions on Shares of StablecoinX Common Stock In general, distributions of cash or other property to U.S. Holders made with respect to their shares of StablecoinX Common Stock (other than certain distributions of shares of StablecoinX Common Stock or rights to acquire shares of StablecoinX Common Stock) out of StablecoinX’s current or accumulated earnings and profits (as determined for U.S. federal income tax purposes) generally will be includible in the U.S. Holders’ taxable income as dividend income. Distributions in excess of StablecoinX’s current and accumulated earnings and profits generally will constitute a return of capital that will be applied against and reduce a U.S. Holder’s tax basis in such U.S. Holder’s shares of StablecoinX Common Stock (but not below zero) and, to the extent in excess of such tax basis, will be treated as gain from the sale or exchange of shares of StablecoinX Common Stock (see “— Sales or Other Taxable Exchanges or 146 Dispositions of Shares of StablecoinX Common Stock” below). If you are an individual U.S. holder, dividends paid with respect to StablecoinX Common Stock generally should constitute “qualified dividend income” eligible for being taxed at the lower rate applicable to long -termcapital gains, provided that certain holding period requirements are met. U.S. Holders should consult their own tax advisors regarding the availability of the lower rate for any dividends deemed paid with respect to StablecoinX Common Stock. Sales or Other Taxable Exchanges or Dispositions of Shares of StablecoinX Common Stock Upon a sale or other taxable disposition of shares of StablecoinX Common Stock, a U.S. Holder generally will recognize gain or loss equal to the difference between (1) the amount realized and (2) such U.S. Holder’s adjusted tax basis in the shares of StablecoinX Common Stock sold or disposed of. Such gain or loss generally will be capital gain or loss and will be long -termcapital gain or loss if such