Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 444

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 444
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 be repayable by TLGY to Verde and all promissory notes issued by TLGY to Verde, including the Verde Extension Loans, shall be deemed to have been voided and cancelled. Solely in the event of a consummation by TLGY of its initial business combination, TLGY shall pay Verde a sum of $83,125, as full and final payment of such loans. Between April 18, 2024 and September26, 2025, TLGY issued consecutive monthly unsecured promissory notes (collectively, the “ Extension Promissory Notes”) to CPCSO and CPC Parallel, of approximately $22,000 and $19,000, respectively, in order to deposit the monthly extension payment to extend the period of time that TLGY has to complete its initial business combination by an additional month. The Extension Promissory Notes are non -interestbearing and payable on the earlier of (i) fifteen (15) months from the closing of TLGY’s Initial Public Offering (or such later date as may be extended in accordance with the terms of The TLGY Organizational Documents), or (ii) the date on which TLGY consummates an initial business combination. As of June 30, 2025 and December 31, 2024, TLGY had $2,468,483 and $1,914,000 outstanding balance under the Extension Loans. As of June 30, 2025, the Current Sponsors provided TLGY with an aggregate of $773,483 of Extension Loans. Business Combination with SC Assets On July 21, 2025, TLGY entered into the Business Combination Agreement with SC Assets, StablecoinX, SPAC Merger Sub and Company Merger Sub, pursuant to which, (1) TLGY will merge with and into SPAC Merger Sub, with SPAC Merger Sub continuing as the surviving company, and (2) immediately following the SPAC Merger, Company Merger Sub will merge with and into SC Assets, with SC Assets continuing as the surviving company. As a result of the Mergers and the other transactions contemplated by the Business Combination Agreement, and the documents related thereto, TLGY and SC Assets will become wholly -ownedsubsidiaries of StablecoinX and StablecoinX will become a publicly traded company. Young Cho, the Chief Executive Officer and Executive Director of TLGY, and Edward Chen, the managing partner of the manager of the Current Sponsors, are the founders and, as of the date of