Company: TLGYF
Filing Date: 2025-09-08
Form Type: 425
Source: 0001213900-25-085278
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Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-08
Form: 425
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Filed by TLGY Acquisition Corp.

Pursuant to Rule 425 under the Securities Act of 1933

and deemed filed pursuant to Rule 14a-12

under the Securities Exchange Act of 1934

Subject Company: TLGY Acquisition Corp.

Commission File No. 001-41101

Date: September 5, 2025

As previously announced, on
July 21, 2025, TLGY Acquisition Corp., a Cayman Islands exempted company (“TLGY”), StableCoinX Assets Inc., a Delaware corporation
(“SC Assets”), StableCoinX Inc., a Delaware corporation, (“Pubco”), StableCoinX SPAC Merger Sub LLC, a Delaware
limited liability company and a wholly-owned subsidiary of Pubco (“SPAC Merger Sub”), and StableCoinX Company Merger Sub,
Inc., a Delaware corporation and a wholly-owned subsidiary of Pubco (“Company Merger Sub”), entered into a business combination
agreement (the “Business Combination Agreement”), for a business combination transaction (the “Transaction”) that
will result in, among other things, TLGY and SC Assets becoming wholly owned subsidiaries of Pubco and Pubco becoming a publicly traded
company.

On September 5, 2025, Guy
Young, the Founder and CEO of Ethena Labs, Nick Chong, Head of Ecosystem/Growth at Ethena Labs, the Ethena Labs X account and the SC Assets
X account posted on X.com relating to the Transaction. On the same day, Young Cho, the CEO of TLGY and SC Assets, the SC Assets LinkedIn
account and the TLGY LinkedIn account posted on LinkedIn relating to the Transactions. The social media posts are provided below.

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Additional Information and Where to Find It

In connection with the Business
Combination, Pubco intends to file with the Securities and Exchange Commission (the “SEC”) a registration statement on Form
S-4 (the “Registration Statement”), which will include a preliminary proxy statement of TLGY and a preliminary prospectus
of Pubco, and after the Registration Statement is declared effective, TLGY will mail the definitive proxy statement/prospectus relating
to the Business Combination to its shareholders as of the record date to be established for voting at the Extraordinary General Meeting.
The Registration Statement, including the proxy statement/prospectus contained therein, will contain important information about the Business
Combination and the other