Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 315

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 315
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 directors between what he, she or they may believe is in the best interests of TLGY and its shareholders and what he, she or they may believe is best for himself, herself or themselves in determining to recommend that shareholders vote for the proposals. In addition, the Sponsor and TLGY’s officers also have interests in the Business Combination that may conflict with your interests as a shareholder. See the section of this proxy statement/prospectus entitled “ The Business Combination Proposal — Interests of Certain TLGY Persons in the Business Combination” for a further discussion of these considerations. 137 MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS The following discussion is a summary of certain material U.S. federal income tax consequences (i) to U.S. Holders and Non -U.S. Holders (each as defined below, and together, the “ Holders”) of Public Shares that exercise their redemption rights and participate in the Redemption, (ii) to Holders of Public Shares, Public Warrants, and shares of SC Assets Common Stock that participate in the Mergers, and (iii) to Holders of shares of StablecoinX Common Stock that own and dispose of shares of StablecoinX Common Stock after the Business Combination. The following discussion is based on the Code, the Treasury Regulations, and judicial and administrative interpretations of those laws, in each case as in effect and available as of the date of this discussion and all of which are subject to change or differing interpretations, possibly with retroactive effect. Any such change or differing interpretations could affect the tax consequences described below. There can be no assurance that the Internal Revenue Service (“ IRS”) or courts will not adopt a position that is contrary to the description included in the following summary. This discussion is limited to Holders who hold their Public Shares, Public Warrants, and shares of SC Assets Common Stock (and who will hold their shares of StablecoinX Common Stock) as “capital assets” within the meaning of Section 1221 of the Code (generally, property held for investment) and does not address all tax considerations that may be relevant to a particular Holder considering their individual or particular circumstances. For example, this discussion does not address the U.S. federal income tax consequences to Holders that are subject to special treatment under U.S. federal income tax law, such as: •partnerships and other pass -throughentities (and partners or other beneficial owners thereof); •financial institutions or financial services entities; •broker -dealers; •persons that are subject to