Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 341

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 341
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; 148 •persons who hold (or will hold) Public Shares, Public Warrants, shares of SC Assets Common Stock, or shares of StablecoinX Common Stock, as applicable, through a tax -qualifiedretirement plan or other tax -deferredaccounts; •persons exercising appraisal or dissenters rights with respect to either of the Mergers; or •the TLGY Insiders and each of their respective affiliates. In addition, this discussion does not address (i) any U.S. federal tax consequences other than U.S. federal income tax consequences (such as estate or gift tax consequences), (ii) any state, local or non -U.S. tax consequences, (iii) the tax on net investment income, the application of the “qualified small business stock” provisions of the Code or the alternative minimum tax, or (iv) the tax consequences of any transactions effected before, after or at the same time as the Redemption or the Mergers, whether or not in connection with the Redemption or the Mergers. If an entity (or an arrangement) treated as a partnership for U.S. federal income tax purposes holds (or will hold) Public Shares, Public Warrants, shares of SC Assets Common Stock, or shares of StablecoinX Common Stock, the tax treatment of a partner in the partnership generally will depend on the status of the partner, the activities of the partnership, and certain determinations made at the partner level. Partnerships and partners in such a partnership should consult their tax advisors about the tax consequences to them. For purposes of this discussion, because the components of a TLGY Unit are generally separable at the option of a Holder of such TLGY Unit, the Holder of a TLGY Unit generally should be treated, for U.S. federal income tax purposes, as the owner of the underlying TLGY Class A Ordinary Share and Public Warrant components of the TLGY Unit, and the discussion below with respect to actual Holders of TLGY Class A Ordinary Shares also should apply to Holders of TLGY Units (as the deemed owners of the underlying TLGY Class A Ordinary Shares that constitute a part of the TLGY Units). Accordingly, the separation of a TLGY Unit into one TLGY Class A Ordinary Share and one -halfof one Public Warrant generally should not be a taxable event for U.S. federal income tax purposes. This position is not free from doubt, and no assurance can be given that the IRS would not assert, or that a court would not sustain, a