Company: TLGYF
Filing Date: 2025-09-09
Form Type: 425
Source: 0001213900-25-085765
Chunk: 7

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-09
Form: 425
Chunk 7
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 TLGY’s securities; the risk that the proposed
Transactions 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 Transactions, 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
Transactions; 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 Transactions; the insufficiency of the third-party fairness opinion for the board of directors of TLGY
in determining whether or not to pursue the proposed Transactions; the failure of Pubco to obtain or maintain the listing of its
securities on any securities exchange after closing of the proposed Transactions; risks associated with TLGY, SC Assets and
Pubco’s ability to consummate the proposed Transactions 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 Transactions 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 Transactions and the closing of the proposed Transactions or at any time after
the closing of the proposed Transactions; risks associated with TLGY, SC Assets and Pubco’s ability to consummate the proposed
Transactions 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 Transactions, 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;