Company: TLGYF
Filing Date: 2025-10-09
Form Type: 8-K
Source: 0001213900-25-097753
Chunk: 3

Company: TLGY ACQUISITION CORP
Filing Date: 2025-10-09
Form: 8-K
Item: Item 7.01
Chunk 3
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 launch the proposed Converge network or changes in ENA prices or for other reasons; costs related to the proposed Transaction
and as a result of becoming a public company; changes in business, market, financial, political and regulatory conditions; risks relating
to StablecoinX’s anticipated operations and business, including the volatile nature of the price of ENA and its ability to operate
its business on the proposed Converge network; the risk that StablecoinX’s stock price will be highly correlated to the price of
ENA and the price of ENA may decrease between the signing of the definitive documents for the proposed Transaction and the closing of
the proposed Transaction or at any time after the closing of the proposed Transaction; risks associated with TLGY, SC Assets and StablecoinX’s
ability to consummate the proposed Transaction timely or at all, including in connection with potential regulatory delays or impediments,
changes in ENA prices or for other reasons; risks related to increased competition in the industries in which StablecoinX will operate;
risks relating to significant legal, commercial, regulatory and technical uncertainty regarding ENA; risks relating to the treatment of
crypto assets for U. S. and foreign tax purposes; risks that after consummation of the proposed Transaction, StablecoinX experiences difficulties
managing its growth and expanding operations; the risks that launching and growing StablecoinX’s ENA treasury advisory and services
in digital marketing and strategy could be difficult; challenges in implementing StablecoinX’s business plan, due to operational
challenges, significant competition and regulation; being considered to be a “shell company” by any stock exchange on which
StablecoinX’s Class A Common Stock will be listed or by the SEC, which may impact StablecoinX’s ability to list its securities
and restrict reliance on certain rules or forms in connection with the offering, sale or resale of securities; the outcome of any potential
legal proceedings that may be instituted against StablecoinX, SC Assets, TLGY or others following announcement of the proposed Transaction,
and those risk factors discussed in documents that StablecoinX and/or TLGY has filed, or will file, with the SEC. The foregoing list of
risk factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in
the “ Risk Factors” section of The Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q that have been and/or will
be filed by TLGY with the SEC from time to time, the Registration