Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 31

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 31
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 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.

The tables below present the estimated ownership for each of the named holders of shares of StablecoinX Class A Common Stock and Class B Common Stock, respectively, following the Business Combination and the aggregate value of such shares to be received, in the No Redemption Scenario, the 50% Redemption Scenario, and the Maximum Redemption Scenario (each as described in more detail herein). Please see the section entitled “ Unaudited Pro Forma Condensed Combined Financial Information” for more information about these redemption scenarios and the assumptions underlying each one. None of the holders are expected to hold Public Warrants at the Closing. See the section entitled “ The Business Combination Proposal — Compensation Received by the Sponsors, their Affiliates and TLGY Directors and Executive Officers” for additional information with respect to the compensation to be received by the Sponsors and the other TLGY Insiders.

|                                                                                |     | Economic Ownership of StablecoinX Class A Common Stock 
                                Assuming No Redemptions 
                                              Number of 
                                                 Shares |     | Percentage 
  Ownership |   |     | Consideration(1) |             |     | Assuming 50% Redemptions 
                Number of 
                   Shares |     | Percentage 
  Ownership |   |     | Consideration(1) |             |     | Assuming Maximum Redemptions 
                    Number of 
                       Shares |     | Percentage 
  Ownership |   |     | Consideration(1) |             |
|:-------------------------------------------------------------------------------|:----|-------------------------------------------------------:|:----|-----------:|:--|:----|:-----------------|------------:|:----|-------------------------:|:----|-----------:|:--|:----|:-----------------|------------:|:----|-----------------------------:|:----|-----------:|:--|:----|:-----------------|------------:|
| Sellers(2)                                                                     |     |                                                 52,500 |     |        0.1 | % |     | $                |     525,000 |     |                   52,500 |     |