Company: TLGYF
Filing Date: 2025-09-11
Form Type: 425
Source: 0001213900-25-086612
Chunk: 3

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-11
Form: 425
Chunk 3
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inion for the board of directors of TLGY in determining whether or not to pursue the proposed Business Combination; the failure of Pubco
to obtain or maintain the listing of its securities on any securities exchange after closing of the proposed Business Combination; risks
associated with TLGY, SC Assets and Pubco’s ability to consummate the proposed Business Combination timely or at all, including
in connection with potential regulatory delays or impediments, changes in ENA Token prices or for other reasons; costs related to the
proposed Business Combination and as a result of becoming a public company; changes in business, market, financial, political and regulatory
conditions; risks relating to Pubco’s anticipated operations and business, including the volatile nature of the price of ENA Token;
the risk that Pubco’s stock price will be highly correlated to the price of ENA Token and the price of ENA Token may decrease between
the signing of the definitive documents for the proposed Business Combination and the closing of the proposed Business Combination or
at any time after the closing of the proposed Business Combination; risks associated with TLGY, SC Assets and Pubco’s ability to
consummate the proposed Business Combination timely or at all, including in connection with potential regulatory delays or impediments,
changes in ENA Token prices or for other reasons; risks related to increased competition in the industries in which Pubco will operate;
risks relating to significant legal, commercial, regulatory and technical uncertainty regarding ENA Token; risks relating to the treatment
of crypto assets for U.S. and foreign tax purposes; risks that after consummation of the proposed Business Combination, Pubco experiences
difficulties managing its growth and expanding operations; the risks that launching and growing Pubco’s ENA Token treasury advisory
and services in digital marketing and strategy could be difficult; challenges in implementing Pubco’s business plan, due to operational
challenges, significant competition and regulation; being considered to be a “shell company” by any stock exchange on which
Pubco’s Class A Common Stock will be listed or by the SEC, which may impact Pubco’s ability to list its securities and restrict
reliance on certain rules or forms in connection with the offering, sale or resale of securities; the outcome of any potential legal proceedings
that may be instituted against Pubco, SC Assets, TLGY or others following announcement of the proposed Business Combination, and those
risk factors discussed in documents that Pubco and/or TLGY has filed, or will file, with the SEC. The foregoing