Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 56

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 56
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 Business Combination?” for additional information. Q.What are the material U.S. federal income tax consequences to TLGY shareholders as a result of the Business Combination? A.TLGY, holders of TLGY Class A Ordinary Shares and Public Warrants will not be subject to any material U.S. federal income tax consequences solely as a result of the Mergers. TLGY and SC Assets intend for the Mergers to qualify as a “reorganization” within the meaning of Section 368(a) of the Code. In connection with the filing of the registration statement of which this proxy statement/prospectus is a part, Perkins Coie LLP intends to deliver an opinion to the effect that, on the basis of facts, representations and assumptions set forth or referred to in such opinion, the Mergers should qualify as a “reorganization” within the meaning of Section 368(a) of the Code. The obligations of each of TLGY and SC Assets to complete the Mergers, however, are not conditioned on the receipt of any such opinion. If the Mergers qualify as a reorganization, then SC Assets and the Sellers generally are not expected to recognize taxable gain or loss as a result of the receipt of StablecoinX securities in exchange for SC Assets securities pursuant to the Mergers. If the Mergers do not qualify as a “reorganization” within the meaning of Section 368(a) of the Code, the Sellers generally are expected to recognize taxable gain or loss with respect to such exchange. For a more complete discussion of the U.S. federal income tax considerations of the Mergers, see “ Material U.S. Federal Income Tax Considerations”. Q.Do I have redemption rights? A.If you are a Public Shareholder, you have the right to request that we redeem all or a portion of your Public Shares for cash provided that you follow the procedures and deadlines described elsewhere in this proxy statement/prospectus. Public Shareholders may elect to redeem all or a portion of the Public Shares held by them regardless of if or how they vote in respect of the Business Combination Proposal and regardless of whether they hold Public Shares on the Record Date. If you wish to exercise your redemption rights, please see the answer to the next question: “ How do I exercise my redemption rights?”. Notwithstanding the foregoing, a Public Shareholder, together with any affiliate of such Public Shareholder or any other Person with whom such Public Shareholder is acting in concert or as a “group” (as defined in Section 13(d