Company: TLGYF
Filing Date: 2025-07-22
Form Type: 425
Source: 0001213900-25-066736
Chunk: 16

Company: TLGY ACQUISITION CORP
Filing Date: 2025-07-22
Form: 425
Chunk 16
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, market, financial, political
and regulatory conditions; risks relating to Pubco’s anticipated operations and business, including the volatile nature of the price
of ENA Token; the risk that Pubco’s stock price will be highly correlated to the price of ENA Token and the price of ENA Token may
decrease between the signing of the definitive documents for the proposed Business Combination and the closing of the proposed Business
Combination or at any time after the closing of the proposed Business Combination; risks associated with TLGY, SC Assets and Pubco’s
ability to consummate the proposed Business Combination timely or at all, including in connection with potential regulatory delays or
impediments, changes in ENA Token prices or for other reasons; risks related to increased competition in the industries in which Pubco
will operate; risks relating to significant legal, commercial, regulatory and technical uncertainty regarding ENA Token; risks relating
to the treatment of crypto assets for U.S. and foreign tax purposes; risks that after consummation of the proposed Business Combination,
Pubco experiences difficulties managing its growth and expanding operations; the risks that launching and growing Pubco’s ENA Token
treasury advisory and services in digital marketing and strategy could be difficult; challenges in implementing Pubco’s business
plan, due to operational challenges, significant competition and regulation; being considered to be a “shell company” by any
stock exchange on which Pubco’s Class A Common Stock will be listed or by the SEC, which may impact Pubco’s ability to list
its securities and restrict reliance on certain rules or forms in connection with the offering, sale or resale of securities; the outcome
of any potential legal proceedings that may be instituted against Pubco, SC Assets, TLGY or others following announcement of the proposed
Business Combination, and those risk factors discussed in documents that Pubco and/or TLGY has filed, or will file, with the SEC. The
foregoing list of risk factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties
described in the “Risk Factors” section of The Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q that have been
and/or will be filed by TLGY with the SEC from time to time, the Registration Statement that will be filed by Pubco and TLGY and the proxy
statement/prospectus contained therein, and other documents that have been or will be filed by TLGY and Pubco from time to time with the
SEC.