Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 1243

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 1243
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, the “ Transactions”) and as a result of the Mergers, SPAC and the Company will become wholly owned subsidiaries of Pubco and Pubco will become a publicly traded company, all upon the terms and subject to the conditions set forth in the Agreement. ____________ 1Pursuant to the terms of the Agreement, the surviving entity of the merger between the SPAC Merger Sub and the SPAC may become the SPAC. Such reconfiguration of the surviving entity of the SPAC Merger will not result in a change of the determinations made in this Opinion. Annex M-1 (d)Simultaneously with the execution and delivery of the Agreement, in connection with the Transactions, Pubco, SPAC, the Company and each Sponsor are entering into the Sponsor Support Agreement, providing that, among other things, (a) following the consummation of the SPAC Merger, the Sponsors will exchange certain shares of Pubco Class A Stock issued to them in respect of their Exchanged Founder Shares for Pubco Class B Stock and the right to receive Earnout Shares from Pubco in consideration for such Exchanged Founder Shares and (b) following the consummation of the SPAC Merger, the Sponsors will exchange any warrant to purchase Pubco Class A Stock issued to them in respect of their Exchanged Private Warrants for the right to receive Earnout Shares from Pubco in consideration for their exchange of such SPAC Private Placement Warrants; (e)On the date of the Agreement, Ethena, Ethena OpCo, the Company and Pubco entered into the Collaboration Agreement, pursuant to which, among other things, the parties thereto agreed to collaborate on certain activities of, and provide certain services to, Pubco, (ii) that Ethena would grant to Pubco a right of participation in certain future token offerings, and (iii) to take certain actions to facilitate the transactions contemplated by that certain Token Purchase Agreement and the Cash PIPE; (f)On the date of the Agreement, Ethena, Pubco, SPAC and the Company entered into the Contribution Agreement, pursuant to which, Ethena has agreed to, among other things, prior to the Company Merger and subject to the Closing, contribute the ENA Contribution Amount to the Company in exchange for shares of Company Class B Stock (the “ ENA Contribution”); (g)On the date of the Agreement, (a) the ENA PIPE Investors have agreed to make a private