Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 356

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 356
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 the SPAC Merger generally will begin on the day after the Closing Date. Tax Consequences of the Mergers to Non-U .S. Holders Whether or not the Intended Tax Treatment applies, if a Non -U.S. Holder recognizes any gain upon the exchange of such Non -U.S. Holder’s Public Shares, Public Warrants, or shares of SC Assets Common Stock, as applicable, for shares of StablecoinX Common Stock or StablecoinX Warrants, as applicable, pursuant to the Mergers (as determined under the rules described above with respect to U.S. Holders), such gain generally will not be subject to U.S. federal income tax, unless a situation described below in the section entitled “— Ownership and Disposition of Shares of StablecoinX Common Stock — Tax Consequences to Non -U .S. Holders — Sales or Other Taxable Exchanges or Dispositions of Shares of StablecoinX Common Stock” applies with respect to such Non -U.S. Holder (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), 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