Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 335

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 335
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 conduct of a trade or business in the United States, and the gain is attributable to a permanent establishment that such Non -U.S. Holder maintains in the United States, if that is required by an applicable income tax treaty as a condition for subjecting such Non -U.S. Holder to United States taxation on a net income basis, ii.such Non -U.S. Holder is an individual, such Non -U.S. Holder is present in the United States for 183 or more days in the taxable year of the sale, and certain other conditions exist, or iii.StablecoinX is or becomes a “United States real property holding corporation” (as described below), at any time within the five -yearperiod preceding the disposition or such Non -U.S. Holder’s holding period for such Non -U.S. Holder’s shares of StablecoinX Common Stock, whichever period is shorter, such Non -U.S. Holder is not eligible for a treaty exemption, and either (i) StablecoinX Common Stock is not regularly traded on an established securities market during the calendar year in which the sale or disposition occurs or (ii) such Non -U.S. Holder owned or is deemed to have owned, at any time within the five -yearperiod preceding the disposition or such Non -U.S. Holder’s holding period for such Non -U.S. Holder’s shares of StablecoinX Common Stock, whichever period is shorter, more than 5% of all issued and outstanding shares of StablecoinX Common Stock. If the gain from the taxable disposition of shares of StablecoinX Common Stock is effectively connected with a Non -U.S. Holder’s conduct of a trade or business in the United States (and, if required by a tax treaty, the gain is attributable to a permanent establishment that such Non -U.S. Holder maintains in the United States), such Non -U.S. Holder will be subject to tax on the net gain derived from the disposition at rates applicable to U.S. citizens, resident aliens and domestic U.S. corporations. “Effectively connected” gains that a corporate Non -U.S. Holder recognizes may also, under certain circumstances, be subject to an additional “branch profits tax” at a 30% rate or at a lower rate if such Non -U.S. Holder is eligible for the benefits of an income tax treaty that provides for a lower rate. An individual Non -U.S. Holder described in clause (ii) above will be subject to a flat 30% tax (unless an