Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 355

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 355
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 U.S. Holder’s aggregate tax basis in the StablecoinX Warrants received in the SPAC Merger generally will equal the fair market value (determined as of the Closing Date) of such StablecoinX Warrants. 155 iii.Such U.S. Holder’s holding period of the shares of StablecoinX Common Stock received in the SPAC Merger generally will include the holding period during which the Public Shares or Public Warrants, as applicable, surrendered in exchange therefor were held by such U.S. Holder. Such U.S. Holder’s holding period of StablecoinX Warrants received in the SPAC Merger generally will begin on the day after the Closing Date. If the Intended Tax Treatment Does Not Apply If the Intended Tax Treatment does not apply, then (in each case, subject to the PFIC rules discussed above under “— Passive Foreign Investment Company Rules”): i.A U.S. Holder that receives both shares of StablecoinX Common Stock and StablecoinX Warrants in the SPAC Merger in exchange for such U.S. Holder’s Public Shares and Public Warrants generally will recognize gain or loss equal to the difference between (1) the sum of the fair market values (determined as of the Closing Date) of the shares of StablecoinX Common Stock and the StablecoinX Warrants received by such U.S. Holder pursuant to the SPAC Merger and (2) such U.S. Holder’s aggregate adjusted tax basis in the Public Shares and Public Warrants surrendered in exchange therefor in the SPAC Merger. Such gain or loss generally will be capital gain or loss and will be long -termcapital gain or loss if such U.S. Holder’s holding period for such Public Shares and Public Warrants, as applicable, is more than one year at Closing. Long -termcapital gains recognized by non -corporateU.S. Holders generally are subject to U.S. federal income tax at a reduced rate of tax (compared to ordinary income). The deductibility of capital losses is subject to limitations. ii.Such U.S. Holder’s aggregate tax basis in the shares of StablecoinX Common Stock and StablecoinX Warrants received in the SPAC Merger generally will equal the aggregate fair market values (determined as of the Closing Date) of such shares of StablecoinX Common Stock and StablecoinX Warrants. iii.Such U.S. holder’s holding period in the shares of StablecoinX Common Stock and StablecoinX Warrants received in