Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 578

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 578
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method for income taxes. Under this method, deferred tax assets and liabilities are determined based on differences between the consolidated financial statement carrying amounts and tax bases of assets and liabilities and operating loss and tax credit carryforwards and are measured using the enacted tax rates that are expected to be in effect when the differences reverse. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are established on a jurisdiction -by -jurisdictionbasis when necessary to reduce deferred tax assets to an amount that, in the opinion of management, is more likely than not to be realized. Net Loss Per Share Basic and diluted net loss per share attributable to the common stockholder is presented in conformity with the two -classmethod required for participating securities. The two -classmethod determines net income (loss) per share for each class of common and participating securities according to dividends declared or accumulated and participation rights in undistributed earnings. The two -classmethod requires income (loss) available to the common stockholder for the period to be allocated between common and participating securities based upon their respective rights to shares in undistributed earnings as if all income (loss) for the period had been distributed. As of August 31 , 2025, the Company has no other participating securities other than the two classes of common stock. Basic net loss per share is calculated by dividing the net loss attributable to the common stockholder by the weighted -averagenumber of common stock outstanding during the period, without consideration of potentially dilutive securities. Diluted net loss per share is computed by dividing the net loss attributable to common the stockholder by the weighted -averagenumber of common stock and potentially dilutive securities outstanding for the period. As of August 31, 2025, the Company has no securities that provided a potentially dilutive impact to the computation for the period presented. F-78 StablecoinX Inc. and Subsidiaries
Notes to Consolidated Financial Statements
August 31, 2025 Note 2. Summary of Significant Accounting Policies (cont.) Recently Issued Accounting Pronouncements In December 2023, the FASB issued ASU 2023 -09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures.This ASU enhances the transparency and decision usefulness of income tax disclosures. This guidance is effective for the Company beginning on January 1, 2026, and early adoption is permitted, although the Company does not plan to early adopt. Adoption will require enhancements