Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 468

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 468
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 Class A Common Stock equals or exceeds $10.00 per share (as adjusted as described under “— Anti-dilution Adjustments ”) for any 20 trading days within a 30-trading day period ending three business days before StablecoinX sends the notice of redemption to the warrant holders. In connection with a redemption at $10.00, holders may elect to exercise their StablecoinX Warrants on a cashless basis and receive a number of shares of StablecoinX Class A Common Stock determined by reference to a make-whole table set forth in the Warrant Agreement, based on the redemption date (measured as the remaining term to expiration) and the “Redemption Fair Market Value,” which is the volume-weighted average price of the shares of StablecoinX Class A Common Stock for the ten (10) trading days immediately following the date on which the redemption notice is sent. StablecoinX will provide the Redemption Fair Market Value no later than one (1) business day after such ten-trading day period ends. In no event will the number of shares of StablecoinX Class A Common issued in connection with a make-whole exercise exceed 0.361 shares per Warrant (subject to adjustment). Any StablecoinX Warrants that remain unexercised at the close of business on the redemption date will be redeemed for $0.10 per Warrant. Beneficial Ownership Limit Election A holder of a StablecoinX Warrant may notify StablecoinX in writing in the event it elects to be subject to a limit on exercise of such holder’s StablecoinX Warrant, to the extent that after giving effect to such exercise, such holder (together with such holder’s affiliates), to the warrant agent’s actual knowledge, would beneficially own in excess of 4.9% or 9.8% (as specified by the holder) of the shares of StablecoinX Class A Common Stock outstanding immediately after giving effect to such exercise. Anti-dilution Adjustments If the number of outstanding shares of StablecoinX Class A Common Stock is increased by a stock dividend payable in shares of StablecoinX Class A Common Stock, or by a split -upof shares of StablecoinX Class A Common Stock or other similar event, then, on the effective date of such stock dividend, split -upor similar event, the number of shares of StablecoinX Class A Common Stock issuable on exercise of each StablecoinX Warrant will be increased in proportion to such increase in the outstanding