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

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 29
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a OpCo and Guy Young, founder of Ethena Labs, S.A. (the “ Additional PIPE Investors” and, together with the Initial PIPE Investors, the “ PIPE Investors”), pursuant to which such Additional PIPE Investors agreed, subject to the terms and conditions set forth therein, to purchase PIPE Shares in the aggregate amount of approximately $530 million, of which approximately $248 million will be paid in ENA Tokens and approximately $282 million will be paid in Cash (the aggregate PIPE proceeds paid in cash thereunder, the “ Additional Cash PIPE Proceeds” and, together with the Initial Cash PIPE Proceeds, the “ Cash PIPE Proceeds”) on or prior to the date of such subscription agreements (as they may be further amended, modified, supplemented or otherwise modified from time to time in accordance with their terms, the “ Additional PIPE Subscription Agreements” and, together with the Initial PIPE Subscription Agreements, the “ PIPE Subscription Agreements” and the transactions contemplated thereby, the “ PIPE”). To the extent the issuance of the PIPE Shares to an Additional PIPE Investor would cause such Additional PIPE Investor to own more than 9.90% of the total issued and outstanding shares of StablecoinX Class A Common Stock at the Closing (the “ Beneficial Ownership Limitation”), then, such Additional PIPE Investor will receive a portion of their PIPE Shares in the form of SC Assets Class A Common Stock in an amount that would cause such Additional PIPE Investor to meet but not exceed the Beneficial Ownership Limitation, and a pre -fundedwarrant to purchase the remaining number of PIPE Shares (the “ Pre -Funded Warrant”). The Pre -FundedWarrant is exercisable at any time after the original issuance date. Forms of the Additional PIPE Subscription Agreements are attached to this proxy statement/prospectus as Annex G -2 , G -3 and G -4. Please see the section entitled “The Business Combination Proposal — Related Agreements — PIPE Subscription Agreements.” Concurrently with the execution of the Additional PIPE Subscription Agreements and to facilitate the transactions contemplated thereby, SC Assets, solely in its capacity as administrative agent (the “ Additional PIPE Administrative Agent” and, together with the Initial PIPE Administrative Agent, the “ Administrative Agent”) for the Additional PIPE Investors who paid Cash for their PIPE Shares (the “ Additional Cash PIPE Investors” and, together with the Initial Cash PIPE Investors, the “ Cash PIPE Investors”), and Ethena OpCo entered into a token purchase agreement (as it may be further amended, modified, supplemented or