Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 310

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 310
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 of StablecoinX Class A Common Stock and shares of StablecoinX Class B Common Stock (in the No Redemption Scenario) upon exchange of the 981,549 Founder Shares and 7,318,675 Private Placement Warrants currently held by it. As a result of the low price paid by the Former Sponsor for their equity in TLGY, the Former Sponsor is likely to be able to make a substantial profit on their investments even at a time when Public Shareholders have lost significant value. For more information, see “— Compensation Received by the Sponsors, their Affiliates and TLGY Directors and Executive Officers”. The Former Sponsor will only be able to realize a return on its equity in TLGY (which may be materially higher than the return realized by Public Shareholders and holders of Public Warrants) if TLGY completes a business combination by the outside date under the TLGY Organizational Documents (which will be April16, 2026 if and to the extent the period of time to consummate a business combination is extended to the fullest extent possible in accordance with the terms of the TLGY Organizational Documents, or if such date is extended in accordance with the terms of the TLGY Organizational Documents, such later date). The Former Sponsor also expects to receive consideration in the Business Combination for amounts outstanding under the Working Capital Loans. Additionally, the Former Sponsor faces potential

128 detriments from the Business Combination, including the possibility of litigation challenging the Business Combination or the Former Sponsor’s role in the Business Combination, and the risk that if the Business Combination is not achieved, TLGY may be unable to consummate a business combination or repay amounts owed to the Former Sponsor under the aforementioned loans and be forced to redeem the Public Shares for a pro rata portion of the funds held in the Trust Account, resulting in the Former Sponsor and its affiliates’ investment being worthless. • Current Sponsors: The Current Sponsors expect to receive substantial consideration in the Business Combination, including 1,075,349 shares of StablecoinX Class A Common Stock and StablecoinX Class B Common Stock (in the No Redemption Scenario) upon exchange of the 3,046,314 Founder Shares and 3,251,180 Private Placement Warrants currently held by them. As a result of the low price paid by the Current Sponsors for their equity in TLGY, the Current Sponsors are likely to be able to make a substantial profit on their investments even at a time when Public Shareholders have lost significant value. For more information, see “