Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 95

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 95
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11

•Pursuant to the Amended and Restated Registration Rights Agreement, TLGY’s officers and directors, and the Sponsors and their members will have customary registration rights, including demand and piggy -backrights, subject to cooperation and cut -backprovisions with respect to the StablecoinX Class A Common Stock held by such parties following the consummation of the Business Combination. As a result of the foregoing interests, the Sponsors and TLGY’s directors and officers will benefit from the completion of a business combination and may be incentivized to complete an acquisition of a less favorable target company or on terms that would be less favorable to Public Shareholders. In the aggregate, the Sponsors have approximately $59,700,500 at risk that depends upon the completion of a business combination. Such amount consists of, with respect to the Former Sponsor: (a) approximately $3million representing the value of the Founder Shares held by the Former Sponsor (based upon the closing price of $13.00 per TLGY Ordinary Share on the OTC Pink on September 26, 2025, the most recent practicable date prior to the date of this proxy statement/prospectus), (b) $11,259,500 representing the value of the Private Placement Warrants purchased by the Former Sponsor (using the $1.00 per warrant purchase price), (c) an aggregate of approximately $1,217,000 outstanding under the Working Capital Loans (as defined herein), and (d) approximately $1,695,000 outstanding under the Extension Promissory Notes (as defined herein); and, with respect to the Current Sponsors: (a) approximately $40million representing the value of the Founder Shares held by the Current Sponsors (based upon the closing price of $13.00 per TLGY Ordinary Share on the OTC Pink on September 26, 2025, the most recent practicable date prior to the date of this proxy statement/prospectus), and (b) $1.00 representing the value of the Private Placement Warrants purchased by the Current Sponsors (using the $1.00 per warrant purchase price), (c) approximately $2,200,000 outstanding under the Working Capital Loans (as defined herein) and (d) approximately $850,000 outstanding under the Extension Promissory Notes. The existence of financial and personal interests of one or more of TLGY’s directors may result in a conflict of interest on the part of such director(s) between what he, she