Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 360

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 360
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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 applicable income tax treaty provides otherwise) on the gain derived from the taxable disposition, which may be offset by U.S. -sourcecapital losses, even though such Non -U.S. Holder is not considered a resident of the United States. StablecoinX will be a “United States real property holding corporation” at any time that the fair market value of StablecoinX’s “United States real property interests,” as defined in the Code and applicable Treasury Regulations, equals or exceeds 50% of the aggregate fair market value of StablecoinX’s worldwide real property interests and other assets used or held for use in a trade or business (all as determined for the U.S. federal income tax purposes). StablecoinX believes that StablecoinX is not, and does not anticipate becoming in the foreseeable future, a United States real property holding corporation. Information Reporting and Backup Withholding Dividend payments with respect to shares of StablecoinX Common Stock, proceeds from the sale, exchange, redemption or other taxable disposition of shares of StablecoinX Common Stock, shares of SC Assets Common Stock, Public Shares, or Public Warrants, and other amounts received in the Business Combination may be subject to information reporting to the IRS and possible U.S. backup withholding (currently, at a rate of 24%). Backup withholding generally will not apply, however, to a U.S. Holder who delivers a properly completed IRS Form W -9, providing such U.S. Holder’s correct