Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 804

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 804
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 and may in the future agree to purchase shares of Opco Class A Common Stock for (i) cash, USDC and/or USDT (the “ Follow-On Cash PIPE Subscribers ”, and together with the Signing Cash PIPE Subscribers, the “ Cash PIPE Subscribers ”) or (ii) ENA (the “ Follow-On In Kind PIPE Subscribers ”, and together with the Signing In Kind PIPE Subscribers, the “ In Kind PIPE Subscribers ”), or a combination of (i) and (ii), in each case, which shares of Opco Class A Common Stock will be issued by Opco prior to the Company Merger; WHEREAS, Ethena OpCo and Opco, serving as administrative agent for the Follow-On Cash PIPE Subscribers, have entered into a token purchase agreement, dated as of the date hereof (and any subsequent token purchase agreement that Ethena OpCo and Opco may enter into in connection with future Follow-On PIPE Agreements, the “Follow-On Token Purchase Agreement ”, and together with the Signing Token Purchase Agreement, the “ Token Purchase Agreements ”), pursuant to which Ethena OpCo has agreed and may in the future agree to sell a number of discounted ENA tokens to Opco, solely in its capacity as administrative agent for the applicable Follow-On Cash PIPE Subscribers, in an amount as calculated in accordance with the terms of the Follow-On Token Purchase Agreement (the “ Follow-On Locked ENA Purchase ” and such ENA tokens, the “ Follow-On Locked ENA ”, and together with the Signing Locked ENA, the “ Locked ENA ”) with such Follow-On Locked ENA to be deposited in the Follow-On Custodial Account (as defined below); WHEREAS, Opco, in its capacity as administrative agent for the Follow-On Cash PIPE Subscribers, has established and may in the future establish separate custodial accounts (the “ Follow-On Custodial Account ”, and together with the Signing Custodial Account, the “ Custodial Accounts ”) at Anchorage, with Anchorage serving as custodian (the “ Follow-On Custodian ”, and together with the Signing Custodian, the “ Custodian ”), which will hold the funds deposited by the applicable Follow-On Cash PIPE Subscribers and the Follow-On Locked ENA for the benefit of the Follow-On Cash PIPE Subscribers until the earlier of (i) closing of the Transactions and (ii) the termination of the Business Combination Agreement or the Follow-On PIPE Agreements, as applicable;