Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 293

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 293
---
 a pro rata portion of the funds held in the Trust Account, resulting in the Former Sponsor and its affiliates’ investment being worthless. • Current Sponsors: The Current Sponsors expect to receive substantial consideration in the Business Combination, including 2,821,059shares of StablecoinX Class A Common Stock and StablecoinX Class B Common Stock (in the No Redemption Scenario) upon exchange of the 3,046,314 Founder Shares and 114,970 Private Placement Warrants held by them. As a result of the low price paid by the Current Sponsors for their equity in TLGY, the Current Sponsors are likely to be able to make a substantial profit on their investments even at a time when Public Shareholders have lost significant value. For more information, see “— Compensation Received by the Sponsors, their Affiliates and TLGY Directors and Executive Officers”. The Current Sponsors will only be able to realize a return on their equity in TLGY (which may be materially higher than the return realized by Public Shareholders and holders of Public Warrants) if TLGY completes a business combination by the outside date under the TLGY Organizational Documents (which will be April16, 2026 if and to the extent the period of time to consummate a business combination is extended to the fullest extent possible in accordance with the terms of the TLGY Organizational Documents, or if such date is extended in accordance with the terms of the TLGY Organizational Documents, such later date). The Current Sponsors also expect to receive consideration in the Business Combination for amounts outstanding under the Working Capital Loans and Extension Promissory Notes. Additionally, the Current Sponsors face potential detriments from the Business Combination, including the possibility of litigation challenging the Business Combination or the Current Sponsors’ role in the Business Combination, and the risk that if the Business Combination is not achieved, TLGY may be unable to consummate a business combination or repay amounts owed to the Current Sponsors under the aforementioned loans and be forced to redeem the Public Shares for a pro rata portion of the funds held in the Trust Account, resulting in the Current Sponsors and their affiliates’ investment being worthless. • Jin -Goon Kim: Jin -GoonKim, TLGY’s Chairman, controls 100% of the Founder Shares and the Private Placement Warrants held by the Former Sponsor. In the event that the Business Combination is not achieved, TLGY may be unable to consummate a business combination and be forced to redeem the Public Shares for a pro