Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 494

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 494
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daq rules, a director will not be independent unless the StablecoinX Board affirmatively determines that the director does not have a direct or indirect material relationship with StablecoinX or any of its subsidiaries. In addition, the director must not be precluded from qualifying as independent under the per se bars set forth by the Nasdaq rules. The StablecoinX Board will undertake a review of its composition, the composition of its committees and the independence of directors and consider whether any director has a material relationship with StablecoinX that could compromise his or her ability to exercise independent judgment in carrying out his or her responsibilities. Based upon information requested from and provided by each director concerning his or her background, employment and affiliations, including family relationships, the StablecoinX Board is expected to determine that [•], [•], [•], and [•] of StablecoinX’s directors do not have a relationship that would interfere with the exercise of independent judgment in carrying out the responsibilities of a director and that each of these directors qualifies as “independent” as that term is defined under the Nasdaq rules. In making these determinations, the StablecoinX Board will consider the relationships that each non -employeedirector has with StablecoinX, the transactions otherwise set forth in this proxy statement/prospectus, and all other facts and circumstances the StablecoinX Board deemed relevant in determining their independence, including the director’s beneficial ownership of StablecoinX Class A Common Stock. Committees of the StablecoinX Board The StablecoinX Board will direct the management of its business and affairs, as provided by Delaware law, and conduct its business through meetings of the StablecoinX Board and standing committees. The StablecoinX Board will have a standing audit committee, compensation committee nominating and corporate governance committee, and investment committee each of which will operate under a written charter and, subject to the exemptions for “controlled companies,” will be composed solely of independent directors. In addition, from time to time, special committees may be established under the direction of the StablecoinX Board when the StablecoinX Board deems it necessary or advisable to address specific issues. Copies of StablecoinX’s committee charters will be posted on StablecoinX’s website, ( www.stablecoinx.com), as required by applicable SEC and Nasdaq rules. The information contained on, or that may be accessed through, TLGY’s, SC Assets’ and StablecoinX’s website is not part of, and is not incorporated into, this proxy statement/prospectus or the registration