Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 346

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 346
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. Operations prior to the reverse recapitalization will be those of SC Assets. 153

Basis of Pro Forma Presentation The adjustments in the unaudited pro forma combined financial information have been identified and presented to provide relevant information of StablecoinX, the parent company of SC Assets at Closing, upon consummation of the Business Combination and other events contemplated by the Merger Agreement. Assumptions and estimates underlying the unaudited pro forma adjustments set forth in the unaudited pro forma combined financial information are described in the accompanying notes. The unaudited pro forma combined financial information has been presented for illustrative purposes only and is not necessarily indicative of the operating results and financial position that would have been achieved had the Business Combination occurred on the dates indicated. Further, the unaudited pro forma combined financial information does not purport to project the future operating results or financial position of StablecoinX following the completion of the Business Combination. The unaudited pro forma adjustments represent management’s estimates based on information available as of the date of these unaudited pro forma combined financial statements and are subject to change as additional information becomes available and analyses are performed. The unaudited pro forma condensed combined financial information contained herein assumes that TLGY’s shareholders approve the proposed Business Combination. Public Shareholders may elect to redeem their Public Shares for cash, and TLGY cannot predict how many of its Public Shareholders will exercise their right to have their Public Shares redeemed for cash. As a result, StablecoinX has elected to provide the unaudited pro forma condensed combined financial information under three different redemption scenarios, which produce different allocations of total StablecoinX equity between equity holders of StablecoinX. These redemption scenarios are as follows: • Assuming No Redemption:This presentation assumes no redemption of 489,887 Public Shares outstanding as of June30, 2025. • Assuming 50% Redemptions:This presentation assumes 244,944 Public Shares are redeemed for their pro rata share of the funds held in the Trust Account, resulting in an aggregate cash payment of approximately $3.036 million based on 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 $6.073 million as of June30, 2025 and is inclusive of interest earned on the funds). • Assuming Maximum Redemptions:This presentation assumes 489,887 Public Shares are redeemed for their pro rata share of the funds held in the Trust Account, resulting in