Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 450

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 450
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”), which is the manager of each of the Current Sponsors. Mr.Chen has 18 years of experience in investment banking, research, and hedge fund investment roles. Prior to Carnegie, Mr.Chen was a Partner and Portfolio Manager at Water Island Capital LLC from 2013 to 2021, where he led the firm’s long -shortequity portfolio focused on event -drivenopportunities. Before Water Island Capital, Mr.Chen was a Managing Director at Jefferies LLC from 2009 to 2013 in their special situations team. Prior to that, Mr.Chen was at Citigroup’s special situations trading team from 2007 to 2009. Mr.Chen has an MBA from MIT Sloan School of Management and a BSE from the University of Pennsylvania. Corporate Governance Composition of the StablecoinX Board Our business and affairs will be managed under the direction of the StablecoinX Board. The StablecoinX Board is expected to be chaired by [•] and include as members the individuals named above as director nominees. The StablecoinX Board is expected to determine that [•], [•], [•] and [•] qualify as independent in accordance with applicable Nasdaq rules. Subject to the terms of the Business Combination Agreement, the Certificate of Incorporation and the Bylaws, the number of directors will be fixed by the StablecoinX Board, and is expected to initially be fixed at five (5) directors. When considering whether directors and director nominees have the experience, qualifications, attributes and skills, taken as a whole, to enable the StablecoinX Board to satisfy its oversight responsibilities effectively in light of its business and structure, the StablecoinX Board expects to focus primarily on each person’s background and experience as reflected in the information discussed in each of the directors’ individual biographies set forth above in order to provide an appropriate mix of experience and skills relevant to the size and nature of its business. Pursuant to the Business Combination Agreement and as set forth above, each of Ethena and the Sellers were granted the right to designate one director for election to the StablecoinX Board. [•] was designated by Ethena and [•] was designated by the Sellers. Controlled Company Exemption Upon the completion of the Business Combination, Ethena is expected to be the beneficial owner of 70.57% of the outstanding shares of StablecoinX Class B Common Stock and will control the voting power of our outstanding capital stock, as a result of which Ethena will have