Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 806

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 806
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 contract or otherwise. “ Custodial Fees ” means each of the Signing Custodial Fees and Follow-On Custodial Fees, respectively. “ Effective Date ” means July 21, 2025. “ Ethena Labs ” means Ethena Labs, S.A., a Portuguese company limited by shares. “ Ethena Protocol ” means the blockchain-based protocol and off-chain architecture, including its associated smart contracts, decentralized application infrastructure, and any related systems, code, or mechanisms, that facilitate the issuance, stabilization, staking, trading, or redemption of USDe, sUSDe, ENA and sENA, as well as any upgrades, forks or successors deployed on public blockchains or used in connection with the operation of such protocol. “ ENA ” means the native protocol governance token of the Ethena Protocol. “ ENA Return Amounts” means each of the Signing ENA Return Amount and the Follow-On ENA Return Amount, respectively. “ Follow-On Cash PIPE Proceeds ” means the cash, USDC and USDT proceeds received from the Follow-On Cash PIPE Subscribers in accordance with the terms of those certain Follow-On PIPE Agreements, dated as of the date hereof (and any subsequent Follow-On PIPE Agreements entered into between the date hereof and the Closing) and entered into in connection with the private placement of equity securities of Opco and the Transactions. “ Follow-On ENA Return Amount ” means the number of unlocked ENA equal to (i) Follow-On Transferred Amount, divided by (ii) the Follow-On ENA 7-Day TWAP. “ Follow-On 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 as of June 26, 2025, which is $0.52. “ Follow-On Permitted Expense Amount ” means, for the Follow-on PIPE Agreements entered into on the date hereof, up to $16.0 million, and for the Follow-on PIPE Agreements that may be entered into after the date hereof, such amount as agreed in such agreement, in each case, that may be used to pay transaction expenses by PubCo or OpCo, including the fees and expenses pursuant to the Follow-On Custodial Account (the “ Follow-On Custodial Fees ”). “ Follow-On PIPE Agreements ” has the meaning set forth in the recitals. “ Follow-On Transferred Amount ” has the meaning set forth in Section