Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 294

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 294
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 and restated Collaboration Agreement, the Additional PIPE Subscription Agreements and the Additional Token Purchase Agreement. On August15, 2025, Ethena Lab also suggested that SC Assets engage Cohen to serve as placement agent to help support the Additional PIPE. Between August 15 and August19, 2025, SC Assets and Cohen negotiated the terms of the placement agent engagement letter. On August19, 2025, SC Assets and Cohen signed an engagement letter, pursuant to which, among other things, Cohen was engaged to act as a capital markets advisor in connection with the Business Combination and placement agent for SC Assets in connection with the Additional PIPE. In connection with such services and only if the Closing occurs, Cohen is entitled to receive a fee equal to (i) $1.5million paid in unlocked ENA Token valued at a 5% discount to the 7 -DayTWAP at the signing of the Initial PIPE Subscription Agreement and (ii) 4.5% of the gross proceeds introduced by Cohen received by SC Assets in the Additional PIPE. From August 16 to September5, 2025, TLGY, SC Assets, Ethena Labs, at the direction of the Ethena Foundation, and Cohen discussed the Additional PIPE opportunity with investors. On September5, 2025, the parties executed the amended and restated Sponsor Support Agreement, amended and restated Collaboration Agreement, the Additional PIPE Subscription Agreements and the Additional Token Purchase Agreements. The TLGY Board’s Reasons for the Approval of the Business Combination In evaluating the proposed business combination with SC Assets, the TLGY Board consulted with TLGY’s management and its financial, legal, and other professional advisors. Prior to approving the Business Combination, the TLGY Board was made aware that Young Cho and Edward Chen were the co -foundersand owners of SC Assets and that they have potential conflicts of interest with respect to the Business Combination. See the section entitled “ –Interests of Certain TLGY Persons in the Business Combination” for additional information. On July 20, 2025, the TLGY Board: (i) determined that the Business Combination is in the best interests of TLGY and its shareholders; (ii) approved and adopted the Business Combination Agreement and related Transaction Documents and the Business Combination; and (iii) recommended that TLGY’s shareholders approve the proposals necessary to consummate the Business Combination. The TLGY Board considered numerous factors — both positive and negative — without assigning specific weights to any single factor. Individual directors may have placed different