Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 425

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 425
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 A Common Stock pursuant to the exercise of a StablecoinX Warrant issued upon conversion of a Public Warrant and will have no obligation to settle such StablecoinX Warrant exercise unless a registration statement under the Securities Act with respect to the shares of StablecoinX Class A Common Stock underlying such StablecoinX Warrants is then effective and a prospectus relating thereto is current, subject to StablecoinX satisfying its obligations described below with respect to registration. No StablecoinX Warrant issued upon conversion of a Public Warrant will be exercisable and StablecoinX will not be obligated to issue a share of StablecoinX Class A Common Stock upon exercise of such StablecoinX Warrant unless the share of StablecoinX Class A Common Stock issuable upon exercise of such StablecoinX Warrant has been registered, qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of such StablecoinX Warrant. In the event that the conditions in the two immediately preceding sentences are not satisfied with respect to a StablecoinX Warrant issued upon conversion of a Public Warrant, the holder of such StablecoinX Warrant will not be entitled to exercise such StablecoinX Warrant and such StablecoinX Warrant may have no value and expire worthless. In no event will StablecoinX be required to net cash settle any StablecoinX Warrant. In the event that a registration statement is not effective for the shares of StablecoinX Class A Common Stock underlying the exercised StablecoinX Warrants, the purchaser of a TLGY Unit containing the Public Warrant that has been converted into a StablecoinX Warrant will have paid the full purchase price for the TLGY Unit solely for the Public Share underlying such TLGY Unit. TLGY registered the TLGY Class A Ordinary Shares issuable upon exercise of the Public Warrants in the registration statement for its IPO because the Public Warrants (or the StablecoinX Warrants into which the Public Warrants convert) will become exercisable 30 days after the completion of the Business Combination. However, because the StablecoinX Warrants will be exercisable until their expiration date of up to five years after the completion of the Business Combination, in order to comply with the requirements of Section 10(a)(3) of the Securities Act following the consummation of the Business Combination, under the terms of the Warrant Agreement, TLGY has agreed that, as soon as practicable, but in no event later than 20 business days, after the