Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 114

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 114
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sor write -offs, restructuring and impairment or other charges that could have a significant negative effect on its financial condition, results of operations and the share price of its securities, which could cause you to lose some or all of your investment. •The ability of TLGY’s Public Shareholders to exercise redemption rights with respect to a large number of its Public Shares may not allow it to complete the Business Combination or optimize the capital structure of StablecoinX and may increase the probability that the Business Combination would be unsuccessful and that you will have to wait for liquidation in order to redeem your shares. •Even if TLGY consummates the Business Combination, there can be no assurance that its Public Warrants will be in the money at the time they become exercisable, and they may expire worthless. •The terms of the TLGY Warrants may be amended in a manner that may be adverse to holders with the approval by the holders of at least 50% of the then outstanding Public Warrants. •The market price of StablecoinX Class A Common Stock may decline as a result of the Business Combination. •The Mergers may cause you to recognize gain or loss for U.S. federal income tax purposes. Risks Related to StablecoinX and SC Assets’ Business and Industry •SC Assets has no operating history and has not yet produced any revenues, which make it difficult to evaluate StablecoinX’s business and future prospects, and StablecoinX may not be able to achieve or maintain profitability in any given period. •Our business will be significantly dependent on the performance, adoption, and credibility of our ecosystem partners, including the Ethena Foundation and its associated assets. The loss of, or a significant decrease in support from, the Ethena Foundation and its associated assets, could have a material adverse effect on our business, financial condition and results of operations. •Our ENA Token acquisition strategy exposes us to various risks associated with ENA Token. •StablecoinX’s operating results, revenue and expenses may significantly fluctuate, including due to the highly volatile nature of ENA Token and other digital assets, which could have an adverse effect on the market price of shares of StablecoinX Class A Common Stock. •Future developments regarding the treatment of crypto assets for U.S. and foreign tax purposes could adversely impact StablecoinX’s business. Risks Related to Our Relationship with the Ethena Foundation, its Products and the Ethena Protocol •Our business will be centered on supporting the Ethena ecosystem through infrastructure software and