Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 84

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 84
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 Combination Agreement, StablecoinX, TLGY, SC Assets and a Seller entered into the Seller Support Agreement, pursuant to which, among other things, such Seller agreed to vote in favor of the adoption and approval of the Business Combination Agreement, the related documents to which SC Assets is a party and the Transactions. Lock-Up Agreements Concurrently with the Closing and each Sponsor will enter into Lock -UpAgreements with StablecoinX, pursuant to which each Seller and each Sponsor will agree that the shares of StablecoinX Class A Common Stock received by each Seller and each Sponsor will be locked -upand subject to transfer restrictions, as described below, subject to certain exceptions. The shares of StablecoinX Class A Common Stock held by each Seller and each Sponsor will be locked up until the earlier of (i) six months after the date of the Closing and (ii) the date on which TLGY consummates a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of its stockholders having the right to exchange their shares of StablecoinX stock for cash, securities or other property. Amended and Restated Registration Rights Agreement Concurrently with the Closing, each Founder Shareholder, each Seller, Ethena, TLGY and StablecoinX shall enter into the Amended and Restated Registration Rights Agreement, pursuant to which StablecoinX will (i) assume the registration obligations of TLGY under such registration rights agreement, with such rights applying to the shares of StablecoinX Class A Common Stock and (ii) provide registration rights with respect to the resale of shares of StablecoinX Class A Common Stock held by Ethena, each Founder Shareholder and each Seller. We estimate that holders of an aggregate of 19,480,939shares of StablecoinX Class A Common Stock will be entitled to registration rights immediately following the Closing, representing approximately 10.68% of the total issued and outstanding shares of StablecoinX Class A Common Stock following the Business Combination. The SPAC Merger Proposal Assuming the Business Combination Proposal is approved and adopted, TLGY is asking its shareholders to approve by special resolution the SPAC Merger and the Plan of Merger, as contemplated by the Business Combination Agreement, pursuant to which, SPAC Merger Sub will merge with and into TLGY, with TLGY continuing as the surviving company and each issued and outstanding TLGY Class A Ordinary Share, will be exchanged for one share of StablecoinX Class A Common Stock. We refer to this proposal as