Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 9

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 9
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 and Ethena OpCo entered into a token purchase agreement (as it may be further amended, modified, supplemented or otherwise modified from time to time in accordance with its terms, the “ Additional Token Purchase Agreement” and, together with the Initial Token Purchase Agreement, the “ Token Purchase Agreements”), pursuant to which, among other things, Ethena OpCo agreed to sell to SC Assets, solely in its capacity as Administrative Agent, Locked ENA Token valued at $0.29 per token, in an aggregate amount equal to the Additional Cash PIPE Proceeds less up to $16.0 million of Permitted Transaction Expenses (such net amount, the “ Additional Net Cash PIPE Proceeds” and, together with the Initial Cash PIPE Proceeds, the “ Net Cash PIPE Proceeds”), which Locked ENA Token was deposited by Ethena OpCo into a separate Custodial Account established by the Administrative Agent for the benefit of the Additional Cash PIPE Investors at Anchorage, with Anchorage serving as Custodian, on or shortly after the date of the Additional Token Purchase Agreement (the “ Additional Token Purchase Date”). The Locked ENA Token purchased pursuant to the Additional Token Purchase Agreement may not be transferred for a period of 48 months after the Additional Token Purchase Date, subject to earlier unlock and release from such transfer restrictions as follows: (i) 25% of the Locked ENA Token will be unlocked on the 12month anniversary of the Additional Token Purchase Date and (ii) the remaining 75% of the Locked ENA Token will be unlocked in 36 equal monthly installments thereafter. Please see the section entitled “The Business Combination Proposal — Related Agreements — Token Purchase Agreements.” The TLGY Units, TLGY Class A Ordinary Shares and Public Warrants (as defined herein) are currently quoted on the OTC Markets Group Pink Limited (the “ OTC Pink”) under the symbols “TLGUF”, “TLGYF” and “TLGWF”, respectively. Pursuant to the terms of the Business Combination Agreement, as a closing condition (subject to certain exceptions), the StablecoinX Class A Common Stock issued in connection with the Business Combination is to be approved for listing on Nasdaq (or another national securities exchange), but there can be no assurance that such listing condition will be met. If such listing condition is not met, the Business Combination will not be consummated unless the listing condition is waived by the parties to the Business Combination Agreement. Following the Closing, the StablecoinX Class A Common Stock and