Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 53

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 53
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 Warrants. At the Closing, StablecoinX will have two classes of shares outstanding: (1) StablecoinX Class A Common Stock, which will have no voting rights other than as required by applicable law and as provided in the StablecoinX Certificate of Incorporation and which will be listed for trading and will be freely transferable, subject to certain restrictions, and (2) StablecoinX Class B Common Stock, which will one vote per share and no economic rights. See the question and answers below entitled “ What equity stakes will the Public Shareholders, the TLGY Insiders, the PIPE Investors, the Sellers and Ethena have in StablecoinX immediately after the consummation of the Business Combination?”, “ What voting stake will current TLGY shareholders hold in StablecoinX immediately after the consummation of the Business Combination?” and “ How will the Business Combination affect my TLGY Class A Ordinary Shares, TLGY Warrants and TLGY Units?” for additional information. Q.What will the Sellers receive in connection with the Business Combination? A.In connection with the Company Merger, (1) each then issued and outstanding share of SC Assets Class A Common Stock will be exchanged, on a one -for -onebasis, for one share of StablecoinX Class A Common Stock, and (2) each then issued and outstanding share of SC Assets Class B Common Stock will be exchanged, on a one -for -onebasis for (a) one share of StablecoinX Class A Common Stock and (b) one share of StablecoinX Class B Common Stock. Q.What equity stakes will the Public Shareholders, the TLGY Insiders, the PIPE Investors, the Sellers and Ethena have in StablecoinX immediately after the consummation of the Business Combination? A.The post -Closingshare ownership of StablecoinX under (1) the No Redemptions Scenario, (2) the 50% Redemptions Scenario and (3) the Maximum Redemptions Scenario, excluding the dilutive effect of the Public Warrants, would be as follows:

|                     |     | Economic Interests in StablecoinX(1) |     |       |                   |     |            |     |       |               |     |            |     |       |   |
| No Redemptions(2)   |     |                                      |     |       | 50% Redemption(3) |     |            |     |       | Maximum       
 Redemption(4) |     |            |