Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 12

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 12
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 in each case following the Closing. These conflicts of interest may include a material conflict of interest arising in determining whether to proceed with the Business Combination, the compensation of TLGY’s directors and officers and the compensation of the Sponsors and the Sellers in connection with the Business Combination. See the section entitled “ The Business Combination Proposal — Interests of Certain TLGY Persons in the Business Combination”. Compensation of the Sponsors and their respective affiliates in connection with the Business Combination:It is expected that the Former Sponsor will receive at the Closing (1) in the No Redemption Scenario, 475,426 shares of StablecoinX Class A Common Stock and StablecoinX Class B Common Stock, (2) in the 50% Redemption Scenario, 474,765shares of StablecoinX Class A Common Stock and StablecoinX Class B Common Stock and (3) in the Maximum Redemption Scenario, 474,103shares of StablecoinX Class A Common Stock and StablecoinX Class B Common Stock, in each case, in exchange for the 233,914 Founder Shares and 7,318,675 Private Placement Warrants it will hold prior to the SPAC Merger. The Former Sponsor acquired such Founder Shares for an aggregate purchase price of $25,000 in connection with the IPO, and such Private Placement Warrants for $1.00 per warrant for an initial aggregate purchase price of $11,259,500 in connection with the IPO. It is expected that the Current Sponsors will receive at the Closing (1) in the No Redemption Scenario, 2,959,180shares of StablecoinX Class A Common Stock and StablecoinX Class B Common Stock, (2) in the 50% Redemption Scenario, 2,955,063shares of StablecoinX Class A Common Stock and StablecoinX Class B Common Stock and (3) in the Maximum Redemption Scenario, 2,950,946shares of StablecoinX Class A Common Stock and StablecoinX Class B Common Stock, in each case, in exchange for the 3,046,314 Founder Shares and 3,251,180 Private Placement Warrants it will hold prior to the SPAC Merger, which it acquired from the Former Sponsor for an aggregate purchase price of $1.00. The securities issued to the Sponsors may result in a material dilution of the equity interests of non -redeemingholders of the TLGY Class A Ordinary Shares sold in the IPO (“ Public Shareholders”). See the sections entitled “ Dilution”, “ The