Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 27

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 27
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coinX 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 otherwise modified from time to time in accordance with its terms, the “ Additional Token Purchase Agreement” and, together with the Initial Token Purchase Agreement, the “ Token Purchase Agreements”), pursuant to which, among other things, Ethena OpCo agreed to sell to SC Assets, solely in its capacity as Administrative Agent, Locked ENA Token valued at $0.29 per token, in an aggregate amount equal to the Additional Cash PIPE Proceeds less up to $16.0 million of Permitted Transaction Expenses (such net amount, the “ Additional Net Cash PIPE Proceeds” and, together with the Initial Net Cash PIPE Proceeds, the “ Net Cash PIPE Proceeds”), which Locked ENA Token was deposited by Ethena OpCo into a separate Custodial Account established by the Administrative Agent for the benefit of the Additional Cash PIPE Investors at Anchorage, with Anchorage serving as Custodian, on or shortly after the date of the Additional Token Purchase Agreement (the “ Additional Token Purchase Date”). The Locked ENA Token purchased pursuant to the Additional Token Purchase Agreement may not be transferred for a period of 48 months after the Additional Token Purchase Date, subject to earlier unlock and release from