Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 808

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 808
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 the meaning set forth in Section 9.3 . “ Right of Participation ” has the meaning set forth in Section 2.3(b) . “ Signing Cash PIPE Proceeds ” means the cash, USDC and USDT proceeds received from the Signing Cash PIPE Subscribers in accordance with the terms of those certain Signing PIPE Agreements, dated July 21, 2025, and entered into in connection with the private placement of equity securities of Opco and the Transactions. “ Signing ENA Return Amount ” means the number of unlocked ENA equal to (i) Signing Transferred Amount, divided by (ii) the Signing ENA 7-Day TWAP. “ Signing ENA 7-Day TWAP ” means the 7-day time weighted average price of ENA on Binance and Bybit as of end of day Coordinated Universal Time on July 21, 2025. “ Signing Permitted Expense Amount ” means up to $2.5 million that may be used to pay transaction expenses by PubCo or OpCo, including the fees and expenses in connection with the Signing Custodial Account (the “ Signing Custodial Fees ”). “ Signing PIPE Agreements ” has the meaning set forth in the recitals. “ Signing Transferred Amount ” has the meaning set forth in Section 6.2(a)(1) . “ SRO ” means a non-governmental entity that has been granted executive, legislative, judicial, regulatory or administrative functions pertaining to government (including any stock exchange with authority over a Person pursuant to the listing of such Person’s securities). “ USDC ” or “ USDT ” means the U.S. dollar-denominated stablecoins, USD Coin and Tether. “ Term ” has the meaning set forth in Section 3.1 . 2. Purpose and Scope of Collaboration; Roles and Responsibilities. Except as set forth in Section 2.3(a) below, the Parties’ rights and obligations under this Section 2 will take effect on the Commencement Date. 2.1 Purpose . The Parties intend to collaborate in respect of the activities of Pubco, a publicly traded infrastructure participant and advocacy platform for the Ethena Protocol, and to set forth herein their respective rights and obligations in connection therewith, including: (a) the operation of PubCo’s infrastructure, staking and treasury activities and (b) public advocacy for the Ethena Protocol within the traditional finance ecosystem (collectively, the “ Collaboration Activities ”). Annex E-4 2.2 Pubco