Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 353

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 353
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 Stock received in the Mergers generally will equal the fair market value (determined as of the Closing Date) of such shares of StablecoinX Common Stock. 154 iii.Such U.S. holder’s holding period in the shares of StablecoinX Common Stock received in the Mergers generally will begin on the day after the Closing Date. Tax Consequences of the SPAC Merger to U.S. Holders Who Hold Only Public Warrants Whether or not the Intended Tax Treatment applies (and, in each case, subject to the PFIC rules discussed above under “ — Passive Foreign Investment Company Rules”): i.A U.S. Holder that holds no Public Shares and whose Public Warrants automatically convert into StablecoinX Warrants pursuant to the SPAC Merger generally will recognize gain or loss equal to the difference between (1) the fair market value (determined as of the Closing Date) of the StablecoinX Warrants received by such U.S. Holder and (2) such U.S. Holder’s adjusted tax basis in the Public Warrants surrendered in exchange therefor in the SPAC Merger. Such gain or loss generally will be capital gain or loss and will be long -termcapital gain or loss if such U.S. Holder’s holding period for the Public Warrants is more than one year at Closing. Long -termcapital gains recognized by non -corporateU.S. Holders generally are subject to U.S. federal income tax at a reduced rate of tax (compared to ordinary income). The deductibility of capital losses is subject to limitations. ii.Such U.S. Holder’s aggregate tax basis in the StablecoinX Warrants received in the SPAC Merger generally will equal the fair market value (determined as of the Closing Date) of such StablecoinX Warrants. iii.Such U.S. holder’s holding period in the StablecoinX Warrants received in the SPAC Merger generally will begin on the day after the Closing Date. Tax Consequences of the SPAC Merger to U.S. Holders Who Hold Both Public Shares and Public Warrants If the Intended Tax Treatment Applies If the Intended Tax Treatment applies, then (in each case, subject to the PFIC rules discussed above under “— Passive Foreign Investment Company Rules”): i.A U.S. Holder that receives both shares of StablecoinX Common Stock and StablecoinX Warrants in the SPAC Merger in exchange for such U.S. Holder’s Public Shares and Public Warrants will