Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 110

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 110
---
 -unitvalue may change based on the redemption price (which change would result in either a decrease or increase in the total number of shares SC Assets stockholders will receive). Assumes $7.0million of StablecoinX Common Stock issued to current SC Assets stockholders. See the section entitled “ Unaudited Pro Forma Condensed Combined Financial Information” for more information.

18

(2)The actual amount of cash will vary depending on, among other things, actual fees and expenses incurred in connection with the Business Combination. (3)Represents estimated transaction fees and expenses, the actual amount of which will vary depending on actual fees and expenses incurred in connection with the Business Combination. (4)Represents (a) the value of ENA Tokens, as defined in the PIPE Agreements, and (b) $18.5million in cash, received from PIPE Investors. See the section entitled “ Unaudited Pro Forma Condensed Combined Financial Information” for more information. (5)Represents value of ENA Tokens, as defined in the Contribution Agreement, received from Ethena. See the section entitled “ Unaudited Pro Forma Condensed Combined Financial Information” for more information. (6)Represents repayment of Extension Promissory Notes and Working Capital Loans to current and Former Sponsor. (7)Represents the fair value, as of December 22, 2025, of ENA Tokens received from PIPE Investors less payment of $0.8 million of nonrecurring financial advisory transaction costs in ENA Tokens. See the section entitled “ Unaudited Pro Forma Condensed Combined Financial Information” for more information. 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          |     |   |   3,105,188 |     | Cash to Balance Sheet(2)                                                           |     |   |  10,018,825 |
| PIPE Investment(4)                                    |     |   | 832,504,847 |     | Estimated