Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 316

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 316
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 the mark -to -marketaccounting rules under Section 475 of the Code; •tax -exemptentities; •governments or agencies or instrumentalities thereof; •insurance companies; •retirement plans or accounts; •regulated investment companies; •real estate investment trusts; •specified expatriates or former long -termresidents of the United States; •persons that hold (or will hold) Public Shares, Public Warrants, shares of SC Assets Common Stock, or shares of StablecoinX Common Stock, as applicable, as part of a straddle, constructive sale, hedging, redemption, or other integrated transaction; •persons whose functional currency is not the U.S. dollar; •controlled foreign corporations; •passive foreign investment companies; •persons who are accrual method taxpayers subject to special tax accounting rules under Section 451(b) of the Code; •persons who actually or constructively own (or will own) 5% or more of all issued and outstanding TLGY Ordinary Shares, all issued and outstanding shares of SC Assets Common Stock, or all issued and outstanding shares of StablecoinX Common Stock, as applicable, by vote or value; •persons who received (or will receive) Public Shares, Public Warrants, shares of SC Assets Common Stock, or shares of StablecoinX Common Stock, as applicable, in connection with the performance of services or pursuant to the exercise of warrants or conversion rights under convertible instruments; 138 •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