Company: TLGYF
Filing Date: 2025-08-25
Form Type: 425
Source: 0001213900-25-080375
Chunk: 9

Company: TLGY ACQUISITION CORP
Filing Date: 2025-08-25
Form: 425
Chunk 9
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 the macro, political and
regulatory conditions surrounding ENA Token, the planned business strategy including Pubco’s ability to develop a corporate architecture
capable of supporting its treasury initiatives and strategic stake in the Ethena Protocol, plans and use of proceeds, objectives of management
for future operations of Pubco, the upside potential and opportunity for investors, Pubco’s plan for value creation and strategic
advantages, market size and growth opportunities, regulatory conditions, technological and market trends, future financial condition and
performance and expected financial impacts of the proposed Business Combination, the satisfaction of closing conditions to the proposed
Business Combination and the level of redemptions of TLGY’s public shareholders, and Pubco’s expectations, intentions, strategies,
assumptions or beliefs about future events, results of operations or performance or that do not solely relate to historical or current
facts. Forward-looking statements are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.
Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including,
but not limited to: the risk that the proposed Business Combination may not be completed in a timely manner or at all, which may adversely
affect the price of TLGY’s securities; the risk that the proposed Business Combination may not be completed by TLGY’s business
combination deadline; the failure by the parties to satisfy the conditions to the consummation of the proposed Business Combination, including
the approval of TLGY’s shareholders and the listing of Pubco’s securities on a national securities exchange at closing; failure
to realize the anticipated benefits of the proposed Business Combination; the level of redemptions by TLGY’s public shareholders,
which may reduce the public float of, reduce the liquidity of the trading market of, and/or impact the ability of, the shares of Class
A common stock of Pubco to be listed in connection with the proposed Business Combination; the insufficiency of the third-party fairness
opinion 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