Company: TLGYF
Filing Date: 2025-08-29
Form Type: 425
Source: 0001213900-25-082324
Chunk: 4

Company: TLGY ACQUISITION CORP
Filing Date: 2025-08-29
Form: 425
Chunk 4
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not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk
Factors” section of The Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q that have been and/or will be filed by TLGY
with the SEC from time to time, the Registration Statement that will be filed by Pubco and TLGY and the proxy statement/prospectus contained
therein, and other documents that have been or will be filed by TLGY and Pubco from time to time with the SEC. These filings do or will
identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those
contained in the forward-looking statements. There may be additional risks that neither TLGY, SC Assets nor Pubco presently know or that
TLGY, SC Assets and Pubco currently believe are immaterial that could also cause actual results to differ from those contained in the
forward-looking statements.

<div align='center'>3</div>

Forward-looking statements speak only as of the
date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and each of TLGY, SC Assets, and Pubco
assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future
events, or otherwise. Neither TLGY, SC Assets, nor Pubco gives any assurance that any of TLGY, SC Assets, or Pubco will achieve their
respective expectations. The inclusion of any statement in this communication does not constitute an admission by TLGY, SC Assets or Pubco
or any other person that the events or circumstances described in such statement are material.

The terms of the proposed Business Combination
described in this communication, including any dollar-denominated figures or implied valuations, are based on information as of the date
of the signing of the definitive Business Combination Agreement and assume no redemptions from the TLGY trust account. These terms are
subject to change, including as a result of fluctuations in the price of ENA Token prior to closing of the proposed Business Combination.
There can be no assurance that the final terms at the closing of the Business Combination will reflect the figures referenced herein.

No Offer or Solicitation

This communication does not constitute (i) a solicitation
of a proxy, consent or authorization with respect to any securities or in respect of the Business Combination or (ii) an offer to sell,
a solicitation of an offer to buy