Company: TLGYF
Filing Date: 2025-10-02
Form Type: 425
Source: 0001213900-25-095334
Chunk: 15

Company: TLGY ACQUISITION CORP
Filing Date: 2025-10-02
Form: 425
Chunk 15
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 Token
and the price of ENA Token may decrease between the signing of the definitive documents for the proposed Transaction and the closing of
the proposed Transaction or at any time after the closing of the proposed Transaction; risks associated with TLGY, SC Assets and StablecoinX’s
ability to consummate the proposed Transaction 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 StablecoinX 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 Transaction, StablecoinX experiences
difficulties managing its growth and expanding operations; the risks that launching and growing StablecoinX’s ENA Token treasury
advisory and services in digital marketing and strategy could be difficult; challenges in implementing StablecoinX’s business plan,
due to operational challenges, significant competition and regulation; being considered to be a “shell company” by any stock
exchange on which StablecoinX’s Class A Common Stock will be listed or by the SEC, which may impact StablecoinX’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 StablecoinX, SC Assets, TLGY or others following announcement
of the proposed Transaction, and those risk factors discussed in documents that StablecoinX 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 and the proxy statement/prospectus
contained therein, and other documents that have been or will be filed by TLGY and StablecoinX from time to time with the SEC. These filings
do or will identify and address other important risks and uncertainties that could cause actual events and results to differ materially
from those contained in the forward-looking statements. There may be additional risks that neither TLGY, SC Assets nor StablecoinX presently
know or that TLGY, SC Assets and StablecoinX currently