Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 228

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 228
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A Tokens or other digital assets as staking collateral. These risks include, among others, slashing penalties, validator or verifier downtime, service interruptions, cybersecurity incidents, private key compromise, smart contract vulnerabilities, oracle failures, cross -chainmessage exploits and failures or delays in transaction validation or verification. Failures in monitoring, configuration, software deployment or system performance, whether caused by internal processes, human error, or third -partyservice providers, could result in loss of digital assets, reduced staking rewards or service fees, contractual or reputational harm, or diminished demand for our infrastructure software and services. Our digital asset treasury strategy also exposes us to market, liquidity, and counterparty risks, which may be exacerbated during periods of market stress and may not be adequately mitigated by our current controls. In addition, certain infrastructure software and services we may provide could require us to interact with multiple blockchain networks, protocols, or counterparties, increasing the complexity of compliance and risk oversight and the likelihood that controls may fail or prove insufficient. Like many digital asset businesses, our risk management policies and procedures will rely on a combination of technical safeguards and human supervision that are subject to error, failure, or circumvention. Some of our methods may be discretionary and based on internally developed models, observed historical market behavior, or standard industry practices, which may not adequately anticipate or prevent losses, particularly in extreme or unprecedented market conditions. Our testing and quality control practices may also fail to detect deficiencies before they result in material harm. In addition, we may adjust our risk management policies and procedures to allow for an increased risk tolerance in pursuit of yield or growth opportunities, expanded infrastructure software or service revenues. Such adjustments could expose us to the risk of greater losses, which could materially adversely affect our business, financial condition, and results of operations. Risks Related to Being a Public Company The market price of StablecoinX Class A Common Stock may be volatile and decline materially as a result of volatility in ENA Token or the digital asset markets generally, or for other reasons. You should be aware that you may lose some or all of your investment. The trading price of StablecoinX Class A Common Stock has been historically volatile and following the completion of the Business Combination is likely to continue to be volatile. The stock market has recently experienced and in the future may experience extreme volatility. This volatility has often been unrelated or disproportionate to the operating performance of particular companies. You may not be able to resell your shares of StablecoinX Class A Common Stock at an attractive price due to a number of