Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 376

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 376
---
           — |   |     | $            |           — |   |

____________ (a)Class B shares of StableCoinX Inc. do not particpate in earnings

170 NOTES TO UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION Note 1 — Basis of Presentation The merger between SC Assets and TLGY will be accounted for as a reverse recapitalization, with TLGY being treated as the “acquired” company for financial reporting purposes. For accounting purposes, the reverse recapitalization will be the equivalent of SC Assets issuing stock for the net assets of TLGY, accompanied by a recapitalization. The net assets of TLGY will be stated at historical cost, with no goodwill or other intangible assets recorded. Operations prior to the reverse recapitalization will be those of SC Assets. Upon the consummation of the Merger, StablecoinX will become the parent company of SC Assets as well as the reporting entity. The unaudited pro forma combined balance sheet of StablecoinX as of September 30, 2025 assumes that the transactions occurred on September 30, 2025. The unaudited pro forma combined statement of operations of StablecoinX for the nine months ended September 30, 2025 presents pro forma effect to the transactions as if it had been completed on January 1, 2025. The unaudited pro forma combined balance sheet as of September 30, 2025 and unaudited pro forma combined statement of operations for the nine months ended September 30, 2025 has been prepared using, and should be read in conjunction with, the following: •unaudited financial statements of TLGY for the nine months ended September 30, 2025 and the related notes, included elsewhere in this proxy statement/prospectus; and •unaudited condensed financial statements of SC Assets as of September30, 2025, and the related notes, included elsewhere in this proxy statement/prospectus. •unaudited condensed consolidated financial statements of StablecoinX as of September 30, 2025 and the related notes, included elsewhere in this proxy statement/prospectus. The unaudited pro forma combined financial information has been prepared to illustrate the effect of the Business Combination and other material transactions and has been prepared for informational purposes only. Management has made significant estimates and assumptions in its determination of the pro forma adjustments (“Other Material Event Adjustments” and “Transaction Accounting Adjustments”). As the unaudited