Company: TLGYF
Filing Date: 2025-07-21
Form Type: 425
Source: 0001213900-25-066137
Chunk: 4

Company: TLGY ACQUISITION CORP
Filing Date: 2025-07-21
Form: 425
Chunk 4
---
affect the price of TLGY’s securities; the risk that the proposed Business Combination may not be completed by TLGY’s business
combination deadline; the failure by the parties to satisfy the conditions to the consummation of the proposed Business Combination, including
the approval of TLGY’s shareholders and the listing of Pubco’s securities on a national securities exchange at closing; failure
to realize the anticipated benefits of the proposed Business Combination; the level of redemptions by TLGY’s public shareholders,
which may reduce the public float of, reduce the liquidity of the trading market of, and/or impact the ability of, the shares of Class
A common stock of Pubco to be listed in connection with the proposed Business Combination; the insufficiency of the third-party fairness
opinion for the board of directors of TLGY in determining whether or not to pursue the proposed Business Combination; the failure of Pubco
to obtain or maintain the listing of its securities on any securities exchange after closing of the proposed Business Combination; risks
associated with TLGY, SC Assets and Pubco’s ability to consummate the proposed Business Combination timely or at all, including
in connection with potential regulatory delays or impediments, changes in ENA Token prices or for other reasons; costs related to the
proposed Business Combination and as a result of becoming a public company; changes in business, market, financial, political and regulatory
conditions; risks relating to Pubco’s anticipated operations and business, including the volatile nature of the price of ENA Token;
the risk that Pubco’s stock price will be highly correlated to the price of ENA Token and the price of ENA Token may decrease between
the signing of the definitive documents for the proposed Business Combination and the closing of the proposed Business Combination or
at any time after the closing of the proposed Business Combination; risks associated with TLGY, SC Assets and Pubco’s ability to
consummate the proposed Business Combination timely or at all, including in connection with potential regulatory delays or impediments,
changes in ENA Token prices or for other reasons; risks related to increased competition in the industries in which Pubco will operate;
risks relating to significant legal, commercial, regulatory and technical uncertainty regarding ENA Token; risks relating to the treatment
of crypto assets for U.S. and foreign tax purposes; risks that after consummation of the proposed Business Combination, Pubco experiences
difficulties managing its growth and expanding operations; the risks that launching and growing Pubco’s ENA Token treasury