Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 431

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 431
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 such a transaction is payable in the form of capital stock or shares in the successor entity that is listed for trading on a national securities exchange or is quoted in an established over -the -countermarket, or is to be so listed for trading or quoted immediately following such event, and if the registered holder of the StablecoinX Warrant properly exercises the StablecoinX Warrant within thirty days following public disclosure of such transaction, the StablecoinX Warrant exercise price will be reduced as specified in the Warrant Agreement based on the Black -ScholesWarrant Value (as defined in the Warrant Agreement) of the StablecoinX Warrant. The purpose of such exercise price reduction is to provide additional value to holders of the StablecoinX Warrants when an extraordinary transaction occurs during the exercise period of the StablecoinX Warrants pursuant to which the holders of the StablecoinX Warrants otherwise do not receive the full potential value of the StablecoinX Warrants. The Public Warrants were, and the StablecoinX Warrants will be, issued in registered form under a Warrant Agreement between Continental, as warrant agent, and TLGY (prior to the Business Combination) and StablecoinX (after the Business Combination). The Warrant Agreement provides that the terms of the StablecoinX Warrants may be amended without the consent of any holder for the purpose of (i) curing any ambiguity or to correct any defective provision or mistake, including to conform the provisions of the Warrant Agreement to the description of the terms of the TLGY Warrants and the Warrant Agreement set forth in the registration statement for the IPO or (ii) to make any amendments that are necessary or desirable in the good faith determination of the TLGY Board (taking into account then existing market precedents) to allow for the Public Warrants to be classified as equity in TLGY’s financial statements; provided that any such amendments shall not materially and adversely affect the interest of the Registered Holders (as defined in the Warrant Agreement). All other modifications or amendments shall require the vote or written consent of the Registered Holders of 50% of the then outstanding Public Warrants, and with respect to any amendment to the terms of only the Private Placement Warrants or any provision of this Agreement solely with respect to the Private Placement Warrants shall also require the vote or written consent of the Registered Holders of 50% of the then outstanding Private Placement Warrants. Anti-Takeover Effects of the Certificate of Incorporation, the Bylaws and Certain Provisions of