Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 104

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 104
---
resents repayment of Extension Promissory Notes and Working Capital Loans to current and Former Sponsor. (7)Represents expected borrowings of $1,000,000 under the Promissory Notes issued in July 2025 which will be repaid at closing of the Business Combination with the proceeds from PIPEs. (8)Represents the fair value, as of September 4, 2025, of ENA tokens received from Initial PIPE Investors less payment of $1.6 million of nonrecurring financial advisory transaction costs in ENA Tokens. See the section entitled “ Unaudited Pro Forma Condensed Combined Financial Information” for more information

18

50% Redemption Scenario

| Sources of Funds                                      |     |   |             |     | Uses                                                                               |     |   |             |
|:------------------------------------------------------|:----|:--|------------:|:----|:-----------------------------------------------------------------------------------|:----|:--|------------:|
| SC Assets Equity Rollover(1)                          |     | $ |   7,000,000 |     | SC Assets Equity Rollover(1)                                                       |     | $ |   7,000,000 |
| TLGY’s Cash and Investments in Trust Account          |     |   |   3,036,300 |     | Cash to Balance Sheet(2)                                                           |     |   |  11,037,383 |
| PIPE Investment(4)                                    |     |   | 832,504,847 |     | Estimated Transaction Expenses(3)                                                  |     |   |   7,711,325 |
| Ethena Investment(5)                                  |     |   |  60,000,000 |     | Repayment of Convertible Promissory Notes – Current Sponsors and Former Sponsor(6) |     |   |   5,874,325 |
| Convertible Promissory Note – Current Sponsors(7)     |     |   |   1,000,000 |     | Investment in ENA(8)                                                               |     |   | 872,425,900 |
| Historic SC Assets and TLGY Cash and Cash Equivalents |     |   |     507,786 |     |                                                                                    |     |   |             |
| Total Sources                                         |     | $ | 904,048,933 |     | Total Uses                                                                         |     | $ | 904,048,933 |

____________ (1)Represents the aggregate value