Company: TLGYF
Filing Date: 2025-07-22
Form Type: 425
Source: 0001213900-25-066736
Chunk: 15

Company: TLGY ACQUISITION CORP
Filing Date: 2025-07-22
Form: 425
Chunk 15
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, the planned business strategy including Pubco’s ability to develop a
corporate architecture capable of supporting its treasury initiatives and strategic stake in the Ethena Protocol, plans and use of proceeds,
objectives of management for future operations of Pubco, the upside potential and opportunity for investors, Pubco’s plan for value
creation and strategic advantages, market size and growth opportunities, regulatory conditions, technological and market trends, future
financial condition and performance and expected financial impacts of the proposed Business Combination, the satisfaction of closing conditions
to the proposed Business Combination and the level of redemptions of TLGY’s public shareholders, and Pubco’s expectations,
intentions, strategies, assumptions or beliefs about future events, results of operations or performance or that do not solely relate
to historical or current facts. Forward-looking statements are based on current expectations and assumptions and, as a result, are subject
to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in
this communication, including, but not limited to: the risk that the proposed Business Combination may not be completed in a timely manner
or at all, which may adversely affect the price of TLGY’s securities; the risk that the proposed Business Combination may not be
completed by TLGY’s business combination deadline; the failure by the parties to satisfy the conditions to the consummation of the
proposed Business Combination, including the approval of TLGY’s shareholders and the listing of Pubco’s securities on a national
securities exchange at closing; failure to realize the anticipated benefits of the proposed Business Combination; the level of redemptions
by TLGY’s public shareholders, which may reduce the public float of, reduce the liquidity of the trading market of, and/or impact
the ability of, the shares of Class A common stock of Pubco to be listed in connection with the proposed Business Combination; the insufficiency
of the third-party fairness opinion for the board of directors of TLGY in determining whether or not to pursue the proposed Business Combination;
the failure of Pubco to obtain or maintain the listing of its securities on any securities exchange after closing of the proposed Business
Combination; risks associated with TLGY, SC Assets and Pubco’s ability to consummate the proposed Business Combination timely or
at all, including in connection with potential regulatory delays or impediments, changes in ENA Token prices or for other reasons; costs
related to the proposed Business Combination and as a result of becoming a public company; changes in business