Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 427

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 427
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fair market value” (defined below) less the exercise price of such StablecoinX Warrants by (y) the fair market value. The “ fair market value” as used in this paragraph means the volume weighted average price of the StablecoinX Class A Common Stock for the 10 trading days ending on the trading day prior to the date on which the notice of exercise is received by the warrant agent. Redemption of StablecoinX Warrants when the price per share of StablecoinX Class A Common Stock equals or exceeds $18.00.Once the StablecoinX Warrants become exercisable, StablecoinX may redeem the outstanding StablecoinX Warrants: •in whole and not in part; •at a price of $0.01 per StablecoinX Warrant; upon a minimum of 30 days’ prior written notice of redemption (the “ 30 -day redemption period”); and •if, and only if, the closing price of the StablecoinX Class A Common Stock equals or exceeds $18.00 per share (as adjusted for adjustments to the number of shares issuable upon exercise or the exercise price of a StablecoinX Warrant as described under the heading “— Anti -dilution Adjustments”) for any 20 trading days within a 30 -tradingday period ending three business days before StablecoinX sends the notice of redemption to the warrant holders. If and when the StablecoinX Warrants become redeemable by StablecoinX, StablecoinX may exercise its redemption right even if StablecoinX is unable to register or qualify the underlying securities for sale under all applicable state securities laws. TLGY has established the last of the redemption criterion discussed above to prevent a redemption call unless there is at the time of the call a significant premium to the StablecoinX Warrant exercise price. If the foregoing conditions are satisfied and StablecoinX issues a notice of redemption of the StablecoinX Warrants, each warrant holder will be entitled to exercise his, her or its StablecoinX Warrant prior to the scheduled redemption date. However, the price of the StablecoinX Class A Common Stock may fall below the $18.00 per share redemption trigger price (as adjusted for stock dividends, split -ups, reorganizations, recapitalizations and the like) as well as the $11.50 StablecoinX Warrant exercise price after the redemption notice is issued. Redemption Procedures A holder of a StablecoinX Warrant may notify StablecoinX in writing in the event it elects to