Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 165

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 165
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 or popularity of Ethena and/or the Ethena ecosystem, including as a result of competition; •actual or anticipated fluctuations in TLGY’s or Ethena’s financial results or the financial results of companies perceived to be similar to TLGY or Ethena; •changes in the market’s expectations about StablecoinX’s operating results; •success of StablecoinX’s or Ethena’s competitors; •operating results failing to meet the expectations of securities analysts or investors in a particular period; 47 •changes in financial estimates and recommendations by securities analysts concerning StablecoinX or ENA Token or the industry in which StablecoinX or Ethena operates in general; •operating and stock price performance of other companies that investors deem comparable to StablecoinX; •investor perceptions of the investment opportunities associated with StablecoinX Class A Common Stock relative to other investment alternatives; •the public’s response to press releases or other public announcements by StablecoinX or third parties, including Ethena; •changes in laws and regulations affecting StablecoinX’s or Ethena’s business; •commencement of, or involvement in, litigation involving StablecoinX or Ethena or their respective affiliates; •guidance, if any, that StablecoinX provides to the public, any changes in this guidance or StablecoinX’s failure to meet this guidance; •changes in StablecoinX’s capital structure, such as future accumulation of ENA Token or other digital assets, issuances of securities or the incurrence of debt; •the development and sustainability of an active trading market for StablecoinX Class A Common Stock; •the volume of shares of StablecoinX Class A Common Stock available for public sale; •any major change in the board or management of StablecoinX or Ethena; •sales of substantial amounts of StablecoinX Class A Common Stock by its directors, executive officers or significant stockholders or the perception that such sales could occur; and •general economic and political conditions such as recessions, interest rates, fuel prices, international currency fluctuations and acts of war or terrorism. Broad market and industry factors may materially harm the market price of StablecoinX’s securities irrespective of its operating performance, including any negative changes to the digital asset and cryptocurrency industries. The stock market in general has experienced extreme volatility that has often been unrelated to the operating performance of particular companies. As a result of this volatility, you may not be able to sell your securities at or above the price at which it was acquired