Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 832

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 832
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-weighted average price of all ENA Token/USDT spot trades executed on Binance and Bybit during the 30 consecutive calendar days ending on the relevant measurement date (based on UTC), calculated by aggregating trade data from both exchanges (or if such volume-weighted average price is unavailable, the market price of one ENA Token on such day determined, using a volume-weighted average method, by an independent financial advisor retained for such purpose by Pubco). (ii) “ Discount ” shall mean 30%. (iii) “ ENA Contribution Price ” shall mean (x) the ENA Fair Market Value at Signing, multiplied by (y) 1 minus the Discount. (iv) “ ENA Fair Market Value at Closing ” shall mean the 30-day VWAP of ENA Tokens ending two (2) days prior to the Closing Date. (v) “ ENA Fair Market Value at Signing ” shall mean the 30-day VWAP of ENA ending two (2) days prior to the date of this Contribution Agreement, which is $0.3008. (vi) “ UTC ” means Coordinated Universal Time. Section 2. Closing. (a) The consummation of the Contribution contemplated hereby (the “ Closing ”) shall occur on the same date as the Transactions, immediately prior to the consummation of the Company Merger (the “ Closing Date ”). (b) The ENA Contribution Amount shall be paid in Contributed ENA Tokens in the manner and in such amounts as provided herein. Annex F-2 (c) At least five (5) Business Days before the anticipated Closing Date, the Company shall deliver or cause to be delivered written notice to Ethena (the “ Closing Notice ”) specifying the anticipated Closing Date and the digital asset wallet account maintained by Anchorage Digital Bank, N.A. (the “ Custodial Account ”) or such other account as designated by the Company in the Closing Notice. (d) No later than three (3) Business Days prior to the anticipated Closing Date, Ethena shall deliver to the Company such information as is reasonably requested in the Closing Notice in order for the Company to issue the Contribution Shares to Ethena. (e) No later than 9:00 a.m. (Eastern time) on the Business Day prior to the Closing Date, Ethena shall deliver to the Company the ENA Contribution Amount, free and clear of any liens, encumbrances or other restrictions (other than as