Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 105

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 105
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 of shares issued to SC Assets stockholders at a deemed value of $10.00 per unit, which per -unitvalue may change based on the redemption price (which change would result in either a decrease or increase in the total number of shares SC Assets stockholders will receive). Assumes $7.0million of StablecoinX Common Stock issued to current SC Assets stockholders. See the section entitled “ Unaudited Pro Forma Condensed Combined Financial Information” for more information. (2)The actual amount of cash will vary depending on, among other things, actual fees and expenses incurred in connection with the Business Combination. (3)Represents estimated transaction fees and expenses, the actual amount of which will vary depending on actual fees and expenses incurred in connection with the Business Combination. (4)Represents (a) the value of ENA Tokens, as defined in the PIPE Agreements, and (b) $18.5million in cash, received from PIPE Investors. See the section entitled “ Unaudited Pro Forma Condensed Combined Financial Information” for more information. (5)Represents value of ENA Tokens, as defined in the Contribution Agreement, received from Ethena. See the section entitled “ Unaudited Pro Forma Condensed Combined Financial Information” for more information. (6)Represents repayment of Extension Promissory Notes and Working Capital Loans to the Sponsors. (7)Represents expected borrowings of $1,000,000 under the Promissory Notes issued in July 2025 which will be repaid at closing of the Business Combination with the proceeds from PIPEs. (8)Represents the fair value, as of September 4, 2025, of ENA tokens received from Initial PIPE Investors less payment of $1.6 million of nonrecurring financial advisory transaction costs in ENA Tokens. See the section entitled “ Unaudited Pro Forma Condensed Combined Financial Information” for more information. Maximum Redemption Scenario

| Sources of Funds                                      |     |   |             |     | Uses                                                                               |     |   |             |
|:------------------------------------------------------|:----|:--|------------:|:----|:-----------------------------------------------------------------------------------|:----|:--|------------:|
| SC Assets Equity Rollover(1)                          |     | $ |   7,000,000 |     | SC Assets Equity Rollover(1)                                                       |     | $ |   7,000,000 |
| TLGY’s Cash and