Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 86

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 86
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able, subject to the terms of the Lock -UpAgreements (as defined herein) and any restrictions pursuant to applicable laws. The shares of StablecoinX Class B Common Stock will not be listed or freely transferable. 2 Simplified Pre-Combination Structure The following diagram illustrates in simplified terms the expected structure of StablecoinX immediately following the Closing.The percentages shown reflect the economic interests in StablecoinX on a combined basis, assuming no additional redemptions. Please see the section entitled “ Unaudited Pro Forma Condensed Combined Financial Information — Basis of Pro Forma Presentation” for additional assumptions used in calculating such percentages. Simplified Post-Combination Structure (Assuming No Redemptions) ____________ (1)The number of shares of StablecoinX Class A Common Stock does not include the 3,528,827 shares of StablecoinX Class A Common Stock to be issued to Ethena OpCo as one of the Additional PIPE Investors. The Business Combination Agreement is subject to the satisfaction or waiver of certain customary closing conditions, including without limitation: (i) the adoption and/or approval, as applicable, by TLGY’s shareholders of the Condition Precedent Proposals, (ii) the consummation of the Business Combination not being prohibited by applicable law, (iii) the effectiveness of the registration statement of which this proxy statement/prospectus forms a part, (iv) the shares of StablecoinX Class A Common Stock having been approved for listing on Nasdaq, the New York Stock Exchange or another national stock exchange, subject to notice of issuance, and (v) the PIPE having been fully funded in accordance with the PIPE Subscription Agreements. The obligations of the parties to consummate (or cause to be consummated) the Business Combination are also subject to, among other things, (i) Ethena having completed the ENA Contribution in accordance with the Contribution Agreement, (ii) the completion of the purchase of the Locked ENA Tokens from Ethena OpCo in accordance with the terms of the Token Purchase Agreements, (iii) the Collaboration Agreement being in full force and effect, and (iv) the Token Purchase Agreements being in full force and effect. For further details, see “ The Business Combination Proposal — Business Combination Agreement”. 3 Related Agreements This section describes certain additional agreements entered into or to be entered into pursuant to the Business Combination Agreement. For additional information, see “ The Business Combination Proposal — Related Agreements”. Collaboration Agreement In connection with the