Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 112

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 112
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 Information” for more information.

19

Maximum 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          |     |   |           0 |     | Cash to Balance Sheet(2)                                                           |     |   |   6,913,637 |
| PIPE Investment(4)                                    |     |   | 832,504,847 |     | Estimated Transaction Expenses(3)                                                  |     |   |   6,873,095 |
| Ethena Investment(5)                                  |     |   |  60,000,000 |     | Repayment of Convertible Promissory Notes – Current Sponsors and Former Sponsor(6) |     |   |   5,889,325 |
| Historic SC Assets and TLGY Cash and Cash Equivalents |     |   |     400,340 |     | Investment in ENA Token(7)                                                         |     |   | 873,229,130 |
| Total Sources                                         |     | $ | 899,905,187 |     | Total Uses                                                                         |     | $ | 899,905,187 |

____________ (1)Represents the aggregate value of shares issued to SC Assets stockholders at a deemed value of $10.00 per unit, which per -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. (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