Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 404

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 404
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 without the consent of Ethena, or in any event, attempt to launch a token, either directly or indirectly. The initial term of the Contribution Agreement is five years and will automatically renew for successive one -yearperiods unless the Ethena Foundation delivers written notice of non -renewalwithin 90 days of the end of the term. The support of the Ethena Foundation reflects a deep strategic alignment between the Company and its controlling shareholder. As one of the largest issuers of digital dollars on -chainand an innovator in the space, we believe that partnering with the Ethena Foundation will provide us with the ability to accelerate our go -to -marketefforts and operate with leaner fixed costs, in particular during our initial growth phase. We believe this relationship will offer us a potentially more favorable growth trajectory relative to other existing or prospective large -scaleENA Token -holdingcompanies as we expect to be able to achieve significantly lower operating costs relative to other companies that hold ENA Tokens on their balance sheets but operate unrelated legacy businesses. Furthermore, at the Closing, StablecoinX will be majority -controlledby Ethena and there will be a representative from Ethena on StablecoinX’s Investment Committee, which committee will oversee all aspects of StablecoinX’s capital allocation strategy. We believe that this ownership structure provides meaningful alignment with our Ethena -focusedstrategy and long -termvision. Human Capital Directors and Executive Officers We currently have two executive officers and two directors as follows:

| Name         |     | Age |     | Position                                    |
| Young Cho    |     |  49 |     | Chief Executive Officer; Executive Director |
| Ahmed J. Aly |     |  34 |     | Chief Technology Officer                    |
| Edward Chen  |     |  48 |     | Chairman                                    |

Biographical information on our directors and executive officers is set forth below. See the section entitled “ Informati on Ab out TLGY — Directors and Executive Officers” for biographical information about Young Cho. Ahmed J. Alyhas served as the Company’s Chief Technology Officer since June 2025. Prior to joining the Company, Mr. Aly is the Founder and Director of Easeflow, a blockchain infrastructure -as - a-servicecompany. Mr. Aly has 14 years of experience in blockchain technology, software engineering, and digital asset investment. He has advised multiple companies, and family offices on blockchain strategy and has led technical due diligence across a range of deployments in the sector. Previously, Mr