Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 136

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 136
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, as a group, will own (assuming the fair market value of ENA Tokens at the Closing is $0.7037 per token): •in the No Redemption Scenario, 0.3% of StablecoinX Class A Common Stock expected to be outstanding immediately after the Business Combination; •in the 50% Redemptions Scenario, 0.1% of StablecoinX Class A Common Stock expected to be outstanding immediately after the Business Combination; or •in the Maximum Redemption Scenario, 0.0% of StablecoinX Class A Common Stock expected to be outstanding immediately after the Business Combination. 36 The economic ownership percentage with respect to StablecoinX following the Business Combination does not take into account the following potential issuances of securities, which will result in further dilution to Public Shareholders who do not redeem their Public Shares: •the issuance of up to 11,500,000shares upon exercise of the Public Warrants at a price of $11.50 per share; •if the Sponsors, or TLGY’s officers, directors or their affiliates make any working capital loans prior to the closing of the Business Combination, they may convert up to $1,500,000 of those loans into 1,500,000 warrants at a price of $1.00 per warrant; and •if the Sponsors, or TLGY’s officers, directors or their affiliates make any Extension Loans (namely, loans made to extend the time period for consummating the Business Combination) prior to the closing of the Business Combination, they may convert up to $3,000,000 of those loans into 3,000,000 warrants at a price of $1.00 per warrant. Further, because the Public Shareholders will receive only shares of StablecoinX Class A Common Stock in exchange for the TLGY Class A Ordinary Shares held by them in the SPAC Merger, which are non -votingshares, the Public Shareholders will have no votes per share held by them. As a result, the Public Shareholders, as a group, will have no influence on the board of directors, management and policies of StablecoinX, which is less than they now have on the board of directors, management and policies of TLGY. TLGY is dependent upon its executive officers and directors and their departure could adversely affect TLGY’s ability to operate and to consummate the initial business combination.Additionally, TLGY’s executive officers and directors also allocate their time to other businesses, thereby causing