Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 357

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 357
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 |     |          |     | $           | (6,072,600 | ) |     | $            | (6,072,600 | ) |     | $                | (6,072,600 | ) |

(i)Reflects the impact of the assumed no redemptions scenario, the assumed 50% redemptions scenario, and the assumed maximum redemptions scenario, whereby no shares of TLGY’s Class A Ordinary Shares, 244,944shares of TLGY’s Class A Ordinary Shares, and 489,887shares of TLGY’s Class A Ordinary Shares, are redeemed for no ($ — ) amounts, an aggregate payment of $3.0 million, and an aggregated payment of $6.1 million, respectively, calculated using an assumed redemption price of approximately $12.40 per share (based on the aggregate amount of the funds held in the Trust Account of approximately $6.1 million as of June 30, 2025, inclusive of interest earned on the funds). See Note 4(F)(i), TLGY’s Class A Ordinary Shares, for the corresponding pro forma adjusting entries. (ii)Represents the release of $6.1 million of funds held in the Trust Account upon the closing of the Business Combination under the assumed no redemptions scenario, the release of $3.0 million of funds held in the Trust Account upon the closing of the Business Combination under the assumed 50% redemptions scenario, and the release of no ($ — ) amounts upon the closing of the Business Combination under the assumed maximum redemptions scenario, that will be made available for the ongoing operations of StablecoinX as cash and cash equivalents. Refer to Note 4(A)(i), Cash and cash equivalents,for the corresponding pro forma adjusting entries. (C) Digital Assets— Reflects the fair value of the ENA Tokens to be received from the PIPE and from Ethena. The Company is unable to predict the fair value of the ENA Tokens at closing and has therefore valued the ENA tokens as of September 4, 2025, for purposes of these pro forma financial statements. Refer to Note 4(L)(iv), Note 4(L)(v) and Note 4(L)(vi), Additional paid -in capital, for the corresponding pro forma adjusting entries.

| Description                                     |     | Note      |     | Assuming No 
 Redemptions |               |   |     | Assuming 50% 
 Redemptions  |               |