Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 334

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 334
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 B Common Stock, and those shares are generally restricted from transfers, except in limited circumstances, this dual class stock structure provides Ethena and the Current Sponsors with the ability to together control the outcome of matters requiring stockholder approval. We believe that our success rests on our ability to undertake a long -termview of value creation and the controlling interest held by Ethena and the Current Sponsors will enhance StablecoinX’s ability to focus on this goal and help insulate StablecoinX from short -termoutside influences. Such voting control also provides StablecoinX with flexibility to employ various financing and transaction strategies involving the issuance of equity securities, while maintaining such control. Advisory Organizational Documents Proposal C - Limiting the Ability of Stockholders to Act by Written Consent The TLGY Board believes that prohibiting stockholders to act by written consent and to call special meetings after such time as there are no shares of StablecoinX Class B Common Stock outstanding are appropriate governance measures to protect StablecoinX from unwarranted attempts to gain corporate control in its post -BusinessCombination phase, including for purposes of seeking to implement an opportunistic change in control of StablecoinX without the support of the then -incumbentdirectors and without the benefit of a stockholder meeting to consider important corporate issues which is called and held in accordance with the StablecoinX Organizational Documents. Prohibiting holders of StablecoinX Class A Common Stock from taking action by written consent and from calling special meetings will help to reduce the possibility of such unwarranted attempts to gain control by restricting stockholders from approving proposals unless such proposals are properly presented at a stockholder meeting called and held in accordance with the StablecoinX Organizational Documents. Advisory Organizational Documents Proposal D — Classified Board The TLGY Board believes that implementing a classified board of directors is desirable for StablecoinX to enhance the likelihood of continuity and stability in the composition of the StablecoinX Board, avoid costly takeover battles, reduce StablecoinX’s vulnerability to a hostile change of control and enhance the ability of the StablecoinX Board to maximize stockholder value in connection with any unsolicited offer to acquire StablecoinX. Advisory Organizational Documents Proposal E - Supermajority Vote Required to Amend the StablecoinX Charter The TLGY Board believes that it is important to require a supermajority vote of the holders of StablecoinX Common Stock, particularly in order to amend provisions in the StablecoinX Organizational Documents relating to the voting and other rights of StablecoinX stockholders. As noted above