Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 364

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 364
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Reflects the $12.0 million elimination of TLGY’s historical accumulated deficit as part of the reverse recapitalization at the Closing of the Business Combination. Refer to Note 4(M), Accumulated deficit, for the corresponding pro forma adjusting entries. (x)Represents adjustment to reclassify the par value associated with SC Assets’ Class B Common Stock to the par value associated with StablecoinX Class A and Class B Common Stock. (M) Accumulated deficit —Represents the $11.6million elimination of TLGY’s historical accumulated deficit as part of the reverse recapitalization at the Closing of the Business Combination. Refer to Note 4(L)(ix), Additional Paid -in Capital, for the corresponding pro forma adjusting entries 167

Note 5 — Adjustments to Unaudited Pro Forma Condensed Combined Statement of Operations for the Six months ended June 30, 2025 Transaction Accounting Adjustments:None. Note 6 — Net Loss Per Share Represents the net loss per share calculated using the historical weighted average shares outstanding and the issuance of additional shares in connection with the Business Combination, and other related events, assuming such additional shares were outstanding since January 1, 2025. As the Business Combination and other related events are being reflected as if they had occurred as of January 1, 2025, the calculation of weighted average shares outstanding for basic and diluted net loss per share assumes the shares issued in connection with the Business Combination and other related events have been outstanding for the entire period presented. Under the maximum redemption scenario, the shares of StablecoinX Class A Common Stock assumed to be redeemed by Public Shareholders are eliminated as of January 1, 2025. Since the number of shares to be issued is based in part on the 30 -dayVWAP of ENA Tokens ending two (2) days prior to the Closing Date, the Company has estimated the number of shares to be issued using the 30 -dayVWAP of ENA Tokens ending September 4, 2025 for purposes of these pro forma financial statements. The unaudited pro forma condensed combined financial information has been prepared assuming the three redemption scenarios for the six months ended June 30, 2025 (in thousands, except share and per share amounts):

|                                                         |     | For the six months ended June 30, 2025 |             |   |     |              |             |   |     |                  |             |   |
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