Company: TLGYF
Filing Date: 2025-07-21
Form Type: 425
Source: 0001213900-25-065924
Chunk: 2

Company: TLGY ACQUISITION CORP
Filing Date: 2025-07-21
Form: 425
Chunk 2
---
)
will receive one share of Pubco Class A Common Stock for each share of SC Assets Class A Common Stock held by such shareholder and holders
of Class B common stock, par value $0.0001 per share, of SC Assets (the “SC Assets Class B Common Stock”) will receive one
share of Pubco Class A Common Stock and one share of Class B common stock, par value $0.0001 per share, of Pubco (the “Pubco Class
B Common Stock” and together with the Pubco Class A Common Stock, “Pubco Stock”) for each share of SC Assets Class B
Common Stock held by such shareholder. As a result of the Mergers and the other transactions contemplated by the Business Combination
Agreement (the “Transactions”), TLGY and SC Assets will become wholly owned subsidiaries of Pubco and Pubco will become a
publicly traded company, all upon the terms and subject to the conditions set forth in the Business Combination Agreement.

In connection with the closing
of the Transactions (the “Closing”), Pubco will issue two classes of shares of Pubco Stock with different voting and economic
rights attached to them. The shares of Pubco Class A Common Stock will have no voting rights other than as required by applicable law.
Holders of shares of Pubco Class B Common Stock will be entitled to one vote per share. Holders of Pubco Class A Common Stock will be
entitled to receive distributions in proportion to the number of shares of Pubco Class A Common Stock held by them. Holders of Pubco Class
B Common Stock will not have any economic rights. In addition, the shares of Pubco Class A Common Stock will be listed for trading and
will be freely transferable, subject to the terms of the Lock-Up Agreements (as defined below) and any restrictions pursuant to applicable
laws. The shares of Pubco Class B Common Stock will not be listed or freely transferable. Immediately following Closing, (i) all shares
of Pubco Class A Common Stock will be held by (1) the holders of TLGY Class A Ordinary Shares initially included as part of the units
sold in TLGY’s initial public offering (the “TLGY Public Shares” and the holders of such shares, the “TLGY Public
Shareholders”), (2) the holders of TLGY ordinary shares that are not TLGY Public Shares (the “Founder Shares” and the
holders of such shares, the “TLGY Founder Shareholders”),