Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 312

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 312
---
 the Business Combination Agreement, the approval of the SPAC Merger Proposal is a condition to the consummation of the Business Combination. If, however, the SPAC Merger Proposal is approved, but the Business Combination Proposal is not approved, then neither the SPAC Merger Proposal nor the Business Combination will be consummated. TLGY is asking its shareholders to approve the TLGY Merger and the Plan of Merger, as contemplated by the Business Combination Agreement, pursuant to which, SPAC Merger Sub will merge with and into TLGY, with TLGY continuing as the surviving company. As a result of the SPAC Merger and the other transactions contemplated by the Business Combination Agreement and the documents related thereto, TLGY and SC Assets will become wholly - ownedsubsidiaries of StablecoinX and StablecoinX will become a publicly traded company, all upon the terms and subject to the conditions set forth in the Business Combination Agreement. Please see the sections above entitled “ The Business Combination” and “ Related Agreements” for additional information regarding the SPAC Merger. TLGY encourages shareholders to read carefully the Business Combination Agreement in its entirety before voting on this proposal. Vote Required for Approval The approval of the SPAC Merger Proposal requires a special resolution, being the affirmative vote of holders of a majority of at least two -thirdsof the TLGY Ordinary Shares represented in person or by proxy and entitled to vote thereon and who vote at the extraordinary general meeting. The failure to vote and abstentions will have no effect on the outcome of the proposal. Broker non -votesare not considered present for the purposes of establishing a quorum, will not count as votes cast at the extraordinary general meeting, and otherwise will have no effect on a particular proposal under Cayman Islands law, assuming a valid quorum is established. The SPAC Merger Proposal is conditioned on the approval of the other Condition Precedent Proposal. Therefore, if the other Condition Precedent Proposal is not approved, the SPAC Merger Proposal will have no effect, even if approved by holders of TLGY Ordinary Shares. Resolution to be Voted Upon The full text of the resolution to be passed is as follows: “ RESOLVED, as a special resolution, that TLGY be and is authorized to merge with and into SPAC Merger Sub, so that TLGY be the surviving company and SPAC Merger Sub be the merging company and all the undertaking, property and liabilities of the merging company vest in TLGY as the surviving company