Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 382

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 382
---
. (D) Convertible Promissory Notes Payable — Former Sponsor— Represents the settlement of convertible promissory notes from the former Sponsor to TLGY in the amount of $2.9 million. TLGY has assumed that convertible promissory notes will be settled in cash, rather than converted to TLGY equity. See Note 4(A)(iv), Cash and cash equivalents, for the corresponding pro forma adjusting entries. (E) Convertible Promissory Note Payable — Current SponsorRepresents the settlement of convertible promissory notes from the current Sponsor to TLGY in the amount of $3.0 million. TLGY has assumed that convertible promissory notes will be settled in cash, rather than converted to TLGY equity. See Note 4(A)(iv), Cash and cash equivalents, for the corresponding pro forma adjusting entries. (F) Class A Ordinary Shares subject to redemption —Represents the redemption of TLGY’s Class A Ordinary Shares under the assumed no redemptions scenario, the assumed 50% redemptions scenario, and the assumed maximum redemptions scenario and the reclassification of TLGY’s Class A Ordinary Shares from temporary equity (mezzanine) to permanent equity of StablecoinX under the assumed no redemptions scenario, assumed 50% redemptions scenario, and assumed maximum redemptions scenario at the Closing of the Business Combination. The table below summarizes the pro forma adjustments as follows:

| Description                                                                 |     | Note     |     | Assuming No 
 Redemptions |            |   |     | Assuming 50% 
 Redemptions  |            |   |     | Assuming Maximum 
 Redemptions      |            |   |
|:----------------------------------------------------------------------------|:----|:---------|:----|:------------|:-----------|:--|:----|:-------------|:-----------|:--|:----|:-----------------|:-----------|:--|
| Redemption of TLGY Class A Ordinary                                         
 Shares                                                                      |     | 4(F)(i)  |     | $           | —          |   |     | $            | (3,105,188 | ) |     | $                | (6,210,376 | ) |
| Reclassification of funds held in the Trust Account                         |     | 4(F)(ii) |     |             | (6,210,376 | ) |     |              | (3,105,188 | ) |     |                  | —          |   |
|