Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 474

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 474
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X Bylaws also require compliance with the SEC’s universal proxy rules (Rule 14a -19). • Classified Board and Removal.The StablecoinX Certificate of Incorporation will provide for a classified board of directors divided into three classes with staggered three year terms. Directors may be removed only for cause and only by the affirmative vote of the holders of at least 75% of the voting power of the outstanding shares of StablecoinX Common Stock. Any newly created directorships or vacancies on the StablecoinX Board may be filled solely by a majority of the directors then in office (or the sole remaining director) and may not be filled by stockholders unless the StablecoinX Board determines otherwise. • Supermajority Voting to Amend Key Provisions.In addition to any vote required by law, the affirmative vote of the holders of at least 75% of the voting power of the outstanding shares of StablecoinX Common Stock is required to amend or repeal, or adopt any provision inconsistent with certain sections of the StablecoinX Certificate of Incorporation, including those relating to the capital stock of StablecoinX and indemnification. The StablecoinX Bylaws may only be amended by the StablecoinX Board or by the stockholders with the same 75% supermajority vote. Limitations on Liability and Indemnification of Officers and Directors The DGCL authorizes corporations to limit or eliminate the personal liability of directors to corporations and their stockholders for monetary damages for breaches of directors’ fiduciary duties, subject to certain exceptions. The StablecoinX Certificate of Incorporation includes a provision that eliminates the personal liability of directors and officers for monetary damages for any breach of fiduciary duty as a director or officer, except to the extent such exemption from liability or limitation thereof is not permitted under the DGCL. The effect of these provisions is to eliminate the rights of StablecoinX and its stockholders, through stockholders’ derivative suits on StablecoinX’s behalf, to recover monetary damages from a director or officer for breach of fiduciary duty as a director or officer, including breaches resulting from grossly negligent behavior. However, exculpation does not apply to any director or officer if such person has acted in bad faith, knowingly or intentionally violated the law, authorized illegal dividends or redemptions or derived an improper benefit from his or her actions as a director or officer. The StablecoinX Bylaws provide that StablecoinX shall indemnify and advance expenses to directors and officers to the fullest extent authorized by the DGCL.