Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 327

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 327
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 of 
     shares |     | Consideration 
 Value         |             |   |
|:------------------------------------------------|:----|:----------------|-------:|:----|-----------:|:----|:--------------|------------:|:--|
| Sellers’ SC Assets Class B Common Stock Shares  |     | $               | 12.353 |     |    700,000 |     | $             |  24,150,010 |   |
| Retained Founder Shares                         |     |                 | 12.353 |     |  1,756,250 |     |               |  10,000,000 |   |
| Public Shares (from Trust Account)              |     |                 | 12.353 |     |    489,887 |     |               |   5,000,000 |   |
| Public Warrants                                 |     |                 |  0.853 |     | 11,500,000 |     |               | 405,873,190 |   |
| Permitted Expense Amount (transaction expenses) |     |                 |    N/A |     |        N/A |     |               |   2,500,000 |   |
| Consideration Plus Cash in Trust                |     |                 |        |     | 14,446,137 |     | $             |  48,707,037 |   |
| Less Cash in Trust Account                      |     |                 |        |     |            |     | $             |  (6,051,707 | ) |
| Total Consideration                             |     |                 |        |     |            |     | $             |  42,655,330 |   |

137

Scalar noted that the Consideration value on a per share basis calculated based on the pro forma ownership, as described above, was within the reference ranges calculated in the selected companies analysis described above, which in Scalar’s view supported its assessment of the financial fairness of the Consideration. Implied Pro Forma Share Value Analysis Utilizing pro forma ownership information provided by TLGY management and the assumptions and weighting described above, Scalar calculated the implied pro forma value of a share of StablecoinX Class A Common Stock after giving effect to the Transactions. This analysis took into consideration the impact of the pro forma dilution described above in calculating the Total Value of the Consideration. These calculations are summarized below:

| Selected Companies Analysis 
 Low                         |     | Implied Pro Forma Value per 
 SP