Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 340

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 340
---
 subject to change or differing interpretations, possibly with retroactive effect. Any such change or differing interpretations could affect the tax consequences described below. There can be no assurance that the Internal Revenue Service (“ IRS”) or courts will not adopt a position that is contrary to the description included in the following summary. This discussion is limited to Holders who hold their Public Shares, Public Warrants, and shares of SC Assets Common Stock (and who will hold their shares of StablecoinX Common Stock) as “capital assets” within the meaning of Section 1221 of the Code (generally, property held for investment) and does not address all tax considerations that may be relevant to a particular Holder considering their individual or particular circumstances. For example, this discussion does not address the U.S. federal income tax consequences to Holders that are subject to special treatment under U.S. federal income tax law, such as: •partnerships and other pass -throughentities (and partners or other beneficial owners thereof); •financial institutions or financial services entities; •broker -dealers; •persons that are subject to 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