Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 384

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 384
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 estimated the number of shares to be issued using the 30 -dayVWAP of ENA Tokens ending December 22, 2025 for purposes of these pro forma financial statements. (ii)Represents the par value of the shares of StablecoinX Class A Common Stock to be issued to Additional PIPE investors. Since the number of shares to be issued is based in part on the 30 -dayVWAP of ENA Tokens ending two (2) days prior to the Closing Date, the Company has estimated the number of shares to be issued using the 30 -dayVWAP of ENA Tokens ending December 22, 2025 for purposes of these pro forma financial statements. (iii)Represents the par value of the shares of StablecoinX Class A Common Stock to be issued to Ethena. Since the number of shares to be issued is based in part on the 30 -dayVWAP of ENA Tokens ending two (2) days prior to the Closing Date, the Company has estimated the number of shares to be issued using the 30 -dayVWAP of ENA Tokens ending December 22, 2025 for purposes of these pro forma financial statements. Amount does not include the par value of 3,528,827 shares of StablecoinX Class A Common Stock to be issued to Ethena OpCo as one of the Additional PIPE Investors.

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(iv)Represents the par value of the shares of StablecoinX Class A Common Stock to be issued to holders of TLGY Class A Ordinary Shares subject to redemption prior to the closing of the Business Combination. (v)Represents the par value of the shares of StablecoinX Class A Common Stock to be issued to holders of TLGY Class A Ordinary Shares and TLGY Class B Shares that were not subject to redemption prior to the closing of the Business Combination. (vi)Represents the par value of StablecoinX Class A Common Stock to be issued to holders of SC Assets Common Stock. (K) StablecoinX Class B Common Stock —Represents the impact of the Business Combination on the par value associated with StablecoinX Class B Common Stock. The table below summarizes the pro forma adjustments as follows:

| Description                                                    |     | Note      |     | Assuming No 
 Redemptions |     |     | Assuming 50% 
 Redemptions  |     |     | Assuming Maximum 
 Redemptions      |     |
| Issuance of shares to Ethena