Company: TLGYF
Filing Date: 2025-10-09
Form Type: 8-K
Source: 0001213900-25-097753
Chunk: 2

Company: TLGY ACQUISITION CORP
Filing Date: 2025-10-09
Form: 8-K
Item: Item 7.01
Chunk 2
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dollars on-chain, StablecoinX’s listing on any securities exchange, the macro, political and regulatory conditions surrounding ENA,
the planned business strategy including StablecoinX’s ability to develop a corporate architecture capable of supporting its treasury
initiatives and strategic stake in the Ethena Protocol, plans and use of proceeds, objectives of management for future operations of StablecoinX,
the upside potential and opportunity for investors, StablecoinX’s plan for value creation and strategic advantages, market size
and growth opportunities, regulatory conditions, technological and market trends, future financial condition and performance and expected
financial impacts of the proposed Transaction, the satisfaction of closing conditions to the proposed Transaction and the level of redemptions
of TLGY’s public shareholders, and StablecoinX’s expectations, intentions, strategies, assumptions or beliefs about future
events, results of operations or performance or that do not solely relate to historical or current facts. Forward-looking statements are
based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual
future events to differ materially from the forward-looking statements in this Form 8-K, including, but not limited to: the risk that
the proposed Transaction may not be completed in a timely manner or at all, which may adversely affect the price of TLGY’s securities;
the risk that the proposed Transaction may not be completed by TLGY’s business combination deadline; the failure by the parties
to satisfy the conditions to the consummation of the proposed Transaction, including the approval of TLGY’s shareholders and the
listing of StablecoinX’s securities on a national securities exchange at closing; failure to realize the anticipated benefits of
the proposed Transaction; the level of redemptions by TLGY’s public shareholders, which may reduce the public float of, reduce the
liquidity of the trading market of, and/or impact the ability of, the shares of Class A common stock of StablecoinX to be listed in connection
with the proposed Transaction; the insufficiency of the third-party fairness opinion for the board of directors of TLGY in determining
whether or not to pursue the proposed Transaction; the failure of StablecoinX to obtain or maintain the listing of its securities on any
securities exchange after 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
to or a failure to