Company: TLGYF
Filing Date: 2025-09-08
Form Type: 425
Source: 0001213900-25-085278
Chunk: 3

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-08
Form: 425
Chunk 3
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 at closing; failure to realize the anticipated benefits of the proposed Business Combination; the level of redemptions
by TLGY’s public shareholders, which may reduce the public float of, reduce the liquidity of the trading market of, and/or impact
the ability of, the shares of Class A common stock of Pubco to be listed in connection with the proposed Business Combination; the insufficiency
of the third-party fairness opinion for the board of directors of TLGY in determining whether or not to pursue the proposed Business Combination;
the failure of Pubco to obtain or maintain the listing of its securities on any securities exchange after closing of the proposed Business
Combination; risks associated with TLGY, SC Assets and Pubco’s ability to consummate the proposed Business Combination timely or
at all, including in connection with potential regulatory delays or impediments, changes in ENA Token prices or for other reasons; costs
related to the proposed Business Combination and as a result of becoming a public company; changes in business, market, financial, political
and regulatory conditions; risks relating to Pubco’s anticipated operations and business, including the volatile nature of the price
of ENA Token; the risk that Pubco’s stock price will be highly correlated to the price of ENA Token and the price of ENA Token may
decrease between the signing of the definitive documents for the proposed Business Combination and the closing of the proposed Business
Combination or at any time after the closing of the proposed Business Combination; risks associated with TLGY, SC Assets and Pubco’s
ability to consummate the proposed Business Combination timely or at all, including in connection with potential regulatory delays or
impediments, changes in ENA Token prices or for other reasons; risks related to increased competition in the industries in which Pubco
will operate; risks relating to significant legal, commercial, regulatory and technical uncertainty regarding ENA Token; risks relating
to the treatment of crypto assets for U.S. and foreign tax purposes; risks that after consummation of the proposed Business Combination,
Pubco experiences difficulties managing its growth and expanding operations; the risks that launching and growing Pubco’s ENA Token
treasury advisory and services in digital marketing and strategy could be difficult; challenges in implementing Pubco’s business
plan, due to operational challenges, significant competition and regulation; being considered to be a “shell company” by any
stock exchange on which Pubco’s Class A Common Stock will be listed or by the SEC, which may impact Pubco’s ability