Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 113

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 113
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 ENA Tokens, as defined in the PIPE Agreements, and (b) $18.5million in cash, received from PIPE Investors. See the section entitled “ Unaudited Pro Forma Condensed Combined Financial Information” for more information. (5)Represents value of ENA Tokens, as defined in the Contribution Agreement, received from Ethena. See the section entitled “ Unaudited Pro Forma Condensed Combined Financial Information” for more information. (6)Represents repayment of Extension Promissory Notes and Working Capital Loans to the Sponsors. (7)Represents the fair value, as of December 22, 2025, of ENA tokens received from PIPE Investors less payment of $0.8 million of nonrecurring financial advisory transaction costs in ENA Tokens. See the section entitled “ Unaudited Pro Forma Condensed Combined Financial Information” for more information. Material U.S. Federal Income Tax Considerations For a description of material U.S. federal income tax consequences of the Redemption, the Mergers, and the ownership and disposition of shares of StablecoinX Common Stock, see the section entitled “Material U.S. Federal Income Tax Considerations”. Summary Risk Factors In evaluating the proposals to be presented at the extraordinary general meeting, shareholders should carefully read this proxy statement/prospectus and especially consider the factors discussed in the section of this proxy statement/prospectus entitled “ Risk Factors” beginning on page 23. In particular, such risks include, but are not limited to, the following: Risks Related to the Business Combination and TLGY •Directors and officers of TLGY have potential conflicts of interest in recommending that shareholders vote in favor of approval of the Business Combination and approval of the other proposals described in this proxy statement/prospectus. •The TLGY Insiders, including the Sponsors, have entered into the Sponsor Support Agreement with StablecoinX, TLGY and SC Assets to vote in favor of the Business Combination, regardless of how TLGY’s Public Shareholders vote. •You will not have any rights or interests in funds from the Trust Account, except under certain limited circumstances. Therefore, to liquidate your investment, you may be forced to sell your Public Shares or Public Warrants, potentially at a loss.

20 •There is no assurance that TLGY’s due diligence will reveal all material risks that may be present with regard to SC Assets. Subsequent to the consummation of the Business Combination, StablecoinX may be required to take write -down