Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 69

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 69
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 — Interests of Certain TLGY Persons in the Business Combination”. Q.Do the Sponsors and TLGY’s directors and officers have interests in the Business Combination that differ from or are in addition to the interests of TLGY’s shareholders generally? A. Yes. The Sponsors and TLGY’s officers and directors have interests in the Business Combination that are different from, in addition to and/or may conflict with, the interests of TLGY’s shareholders generally. These interests include, but are not limited to, the following: (i) SC Assets was founded by Young Cho, the Chief Executive Officer and Executive Director of TLGY, and Edward Chen, the managing partner of the manager of the Current Sponsors, for the purpose of completing a business combination transaction with TLGY, (ii) in addition to any shares of StablecoinX Common Stock to be issued to them in connection with the Sponsors Securities Exchange, in their role as co -founders, shareholders and Chief Executive Officer and director and Chairman, respectively, of SC Assets, each of Young Cho and Edward Chen will receive approximately 323,750shares of StablecoinX Class A Common Stock (representing an aggregate of approximately 0.40% of the economic value of StablecoinX in each of the No Redemption Scenario, the 50% Redemption Scenario and the Maximum Redemption Scenario, respectively, and assuming in each scenario that the fair market value of ENA Token at Closing is $0.7037 per token) and approximately 323,750shares of StablecoinX Class B Common Stock (representing an aggregate of approximately 3.2% of the voting rights of StablecoinX in each of the No Redemption Scenario, the 50% Redemption Scenario and the Maximum Redemption Scenario, respectively, and assuming in each scenario that the fair market value of ENA Token at Closing is $0.7037 per token), in exchange xxvi for the approximately 323,750shares of SC Assets Class B Common Stock held by them as of the date of this proxy statement/prospectus, and (iii) Young Cho is expected to serve as the Chief Executive Officer or Chief Financial Officer of StablecoinX, and Edward Chen is expected to serve as a member of the StablecoinX Board, in each case following the Closing. The TLGY Board was aware of and considered these interests, among other matters, in approving the Business Combination Agreement and the Business Combination, and in determining to recommend that TLGY’s shareholders vote in favor of the Business Combination Agreement and the Business Combination.