Company: TLGYF
Filing Date: 2025-09-23
Form Type: 425
Source: 0001213900-25-090310
Chunk: 17

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-23
Form: 425
Chunk 17
---
, nor Pubco gives any assurance that any of TLGY, SC Assets, or Pubco
will achieve their respective expectations. The inclusion of any statement in this communication does not constitute an admission by TLGY,
SC Assets or Pubco or any other person that the events or circumstances described in such statement are material.

The terms of the proposed Business
Combination described in this communication, including any dollar-denominated figures or implied valuations, are based on information
as of the date of the signing of the definitive Business Combination Agreement and assume no redemptions from the TLGY trust account.
These terms are subject to change, including as a result of fluctuations in the price of ENA Token prior to closing of the proposed Business
Combination. There can be no assurance that the final terms at the closing of the Business Combination will reflect the figures referenced
herein.

No Offer or Solicitation

This communication does not constitute
(i) a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Business Combination or (ii)
an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase, any securities of TLGY, SC Assets, the combined
company or any of their respective affiliates. No offering of securities shall be made except by means of a prospectus meeting the requirements
of Section 10 of the Securities Act, or an exemption therefrom, nor shall any sale of securities in any states or jurisdictions in which
such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction
be affected. No securities commission or securities regulatory authority in the United States or any other jurisdiction has in any way
passed upon the merits of the Business Combination or the accuracy or adequacy of this communication.

<div align='center'>11</div>