Company: TLGYF
Filing Date: 2025-04-10
Form Type: DEFA14A
Source: 0001104659-25-033548
Chunk: 1

Company: TLGY ACQUISITION CORP
Filing Date: 2025-04-10
Form: DEFA14A
Chunk 1
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 pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: None Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

#### Item 7.01.   Regulation FD Disclosure.
On April 9, 2025, TLGY Acquisition Corp., a Cayman Island corporation (the “TLGY”), entered into a non-binding letter of intent (“LOI”) with the Ethena Foundation (“Ethena”), a non-profit organization governing the Ethena crypto ecosystem (“Ethena”), to explore a potential corporate partnership (the “Proposed Partnership”). The Proposed Partnership envisions TLGY acquiring a validator business that will provide proof-of-stake services to the Ethena ecosystem, including on the forthcoming Converge network (the “Business Combination”). To support its proof-of-stake services following the closing of the Business Combination, the LOI provides that TLGY will have the right to purchase from Ethena up to $100 million worth of native ENA tokens at a reasonable discount, to be determined by mutual agreement, to ENA’s prevailing market price at the time of the closing of the Business Combination. The LOI contemplates the funding of the ENA token purchase through a combination of cash remaining in TLGY’s trust account and equity through a PIPE commitment from Ethena. The specific mix of cash and equity will be at Ethena’s option, to be determined at a later date. The LOI contemplates