Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 51

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 51
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 presentation above if the actual redemptions are different from these assumptions. See “ Risk Factors — Risks Related to the Business Combination

xvi and TLGY — The ability of TLGY’s Public Shareholders to exercise redemption rights with respect to a large number of its Public Shares may not allow it to complete the Business Combination or optimize the capital structure of StablecoinX and may increase the probability that the Business Combination would be unsuccessful and that you will have to wait for liquidation in order to redeem your shares”. (2)This scenario assumes that no Public Shares are redeemed, which is a redemptions scenario that could occur. (3)Assumes that 50% of Public Shareholders, or those holding 244,943 Public Shares, will exercise their redemption rights for an aggregate payment of approximately $3.0 million (based on the estimated per -shareredemption price of approximately $12.40 per share) from the Trust Account based on funds in the Trust Account as of June 30, 2025, which is a redemption scenario that could occur. (4)Assumes that all of Public Shareholders, or those holding 489,887 Public Shares, will exercise their redemption rights for an aggregate payment of approximately $6.1 million (based on the estimated per -shareredemption price of approximately $12.40 per share) from the Trust Account based on funds in the Trust Account as of June 30, 2025, which is a redemption scenario that could occur. (5)Assumes that the fair market value of ENA Token at Closing is $0.7037 per token, the fair value of ENA Token ending September 4, 2025. The number of shares of StablecoinX Common Stock to be issued to the TLGY Insiders in accordance with the terms of the Sponsor Support Agreement will be 3% of the total outstanding StablecoinX Class A Common Stock outstanding at Closing. The number of shares of StablecoinX Common Stock to be issued to the PIPE Investors and Ethena in accordance with the terms of the PIPE Subscription Agreement and the Contribution Agreement, respectively, will vary based on the difference between the fair market value of ENA Token at the signing of the applicable agreement and the fair market value of ENA Token at the Closing. Neither TLGY nor SC Assets can predict what the fair market value of ENA Token will be at Closing. As a result, the number of shares StablecoinX Common Stock to be issued in connection with the