Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 294

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 294
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 rata portion of the funds held in the Trust Account, resulting in the Former Sponsor and its affiliates’ investment being worthless. In addition, Mr. Kim and the other TLGY directors face potential detriments from the Business Combination, including the possibility of litigation challenging the Business Combination. • Edward Chen: Edward Chen, the managing partner of the manager of the Current Sponsors and the Chairman of SC Assets, controls 100% of the Founder Shares and Private Placement Warrants held by the Current Sponsors and (iii) 323,750shares of SC Assets Class B Common Stock, which he holds directly and which represents 46.25% of all outstanding capital stock of SC Assets. In the event that the Business Combination is not achieved, TLGY may be unable to consummate a business combination and be forced to redeem the Public Shares for a pro rata portion of the funds held in the Trust Account, resulting in the Current Sponsors and its affiliates’ investment being worthless. • Young Cho: Young Cho, the Chief Executive Officer and Executive Director of TLGY and the co -founder, Chief Executive Officer and director of SC Assets, holds 323,750shares of SC Assets Class B Common Stock, representing 46.25% of all outstanding capital stock of SC Assets and is expected to hold (i) 479,231 Founder Shares and (ii) 394,083 Private Placement Warrants, which will be exchanged for an aggregate of 781,479shares of StablecoinX Class A Common Stock and StablecoinX Class B Common Stock at Closing (in the No Redemption Scenario). In the event that the Business Combination is not achieved, TLGY may be unable to consummate a business combination and be forced to redeem the Public Shares for a pro rata portion of the funds held in the Trust Account, resulting in Mr. Cho’s securities being worthless. • Jonathan Kwong: Jonathan Kwong, the Chief Financial Officer of TLGY, is expected to hold (i) 182,836 TLGY Founder Shares and (ii) 147,781 Private Placement Warrants, which will be exchanged for 174,541shares of StablecoinX Class A Common Stock and StablecoinX Class B Common Stock at Closing (in the No Redemption Scenario). In the event that the Business Combination is not achieved, 125 TLGY may be unable to consummate a business combination and be forced to redeem the Public Shares for a pro rata portion of the funds held in the Trust Account, resulting in Mr.Kwong