Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 413

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 413
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, technological vulnerabilities, and scalability limitations further contribute to the inherent risks of this untested strategic direction. Despite these challenges, the Company believes that its focus on blockchain infrastructure and validator node operations, positions it to capitalize on the transformative potential of blockchain technology while navigating the associated risks. For a comprehensive discussion of the risks and challenges facing our business, see the section entitled “ Risk Factors”in this proxy statement/prospectus. Intellectual Property Our validator business is built on licensed technology and intellectual property, which are critical to our blockchain infrastructure operations and strategic initiatives. We have a perpetual non -exclusiveroyalty -freesoftware license (“ License Agreement”) with Schulz von Jacob Ltd. ( “SVJ”), a company that is owned by our Chief Technology Officer, to use its proprietary Node -as - a-Service(“ NaaS”) platform software, which software is the basis of our validator business. Such software will be hosted and operated on StablecoinX’s own infrastructure to ensure StablecoinX maintains control over the development and scalability of the validator. Other than the foregoing, we do not own or have the right to use any intellectual property as of the date of this proxy statement/prospectus. Legal Proceedings From time to time, the Company or any of its subsidiaries may become involved in legal proceedings or be subject to claims arising in the ordinary course of their business. None of the Company or any of its subsidiaries is currently a party to any legal proceedings, the outcome of which, if determined adversely, is reasonably expected to individually or in the aggregate have a material adverse effect on their business or financial condition. 198 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS OF SC Assets Unless otherwise indicated or the context requires, references in this section to “SC Assets,” “we,” “our,” or the “Company” refer to StablecoinX Assets Inc. prior to the Business Combination and StablecoinX Inc. and its consolidated subsidiaries after giving effect to the Business Combination. This discussion and analysis provides information that management believes is relevant to an assessment of the Company’s financial condition and results of operations. This discussion and analysis should be read together with the sections of the proxy statement / prospectus entitled “Information About to SC Assets” and the Company’s audited financial statements and related notes thereto included elsewhere in the proxy statement / prospectus. In addition to historical financial information, this discussion and analysis contains forward -looking statements based upon current expectations that involve risks, uncertainties, and assumptions. See the