Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 297

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 297
---
 PIPE Investors (other than in their capacities as shareholders of TLGY as of the date of the Fairness Opinion) and their respective affiliates) was fair to such shareholders, from a financial point of view. In selecting Scalar, the TLGY Board considered, among other things, the fact that. Scalar is regularly engaged in the valuation of businesses and their securities, has substantial experience in transactions similar to the Business Combination and the provision of fairness opinions in connection with various transactions. The Fairness Opinion was provided for the information of, and directed to, the TLGY Board for its information and assistance in connection with the Business Combination. For purposes of Scalar’s opinion and this summary, the “ Consideration” consisted of 700,000shares of StablecoinX Class A Common Stock issued to the Company, 1,756,250 Retained Founder Shares, and 11,500,000 StablecoinX Warrants issued for the TLGY Warrants with a strike price of $11.50 per share, with a value of $12.35 per share of StablecoinX Class A Common Stock, which is based on (i) the value of the cash held in the Trust Account as of June 30, 2025 which was $6,051,707, dividedby (ii) 489,887, which is the number of outstanding Public Shares subject to redemption as of June 30, 2025. This summary of the Fairness Opinion provided by Scalar is qualified in its entirety by reference to the full text of the Fairness Opinion, which is attached to this proxy statement/prospectus as Annex Mand is incorporated herein by reference. TLGY shareholders are encouraged to read the Fairness Opinion carefully and in its entirety for a discussion of the procedures followed, assumptions made, matters considered, limitations of the review undertaken by Scalar in connection with the Fairness Opinion, as well as other qualifications contained in the Fairness Opinion. Scalar’s opinion was provided for the information and assistance of the TLGY Board and does not constitute a recommendation as to how any stockholder of the TLGY should vote or act (including with respect to any redemption rights) with respect to the Transactions or any other matter. In connection with Fairness the Opinion, Scalar made such reviews, analyses and inquiries as it deemed necessary and appropriate under the circumstances. Scalar also took into account its assessment of general economic, market and financial conditions, as well as its experience in securities and business valuation, in general, and with respect to similar transactions, in particular. Scalar is