Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 803

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 803
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 Merger; WHEREAS, on July 21, 2025, SPAC, Opco and Pubco entered into subscription agreements (the “ Signing PIPE Agreements ”) with certain third-party subscribers pursuant to which such third-party subscribers have agreed to purchase shares of Opco Class A Common Stock for (i) cash, USDC and/or USDT (the “ Signing Cash PIPE Subscribers ”) or (ii) ENA (the “ Signing In Kind PIPE Subscribers ”), or a combination of (i) and (ii), in each case, which shares of Opco Class A Common Stock will be issued by Opco prior to the Company Merger; WHEREAS, Ethena OpCo and Opco, serving as administrative agent for the Signing Cash PIPE Subscribers, entered into a token purchase agreement, dated July 21, 2025 (the “Signing Token Purchase Agreement ”), pursuant to which Ethena OpCo has agreed to sell to Opco, solely in its capacity as administrative agent for the Signing Cash Subscribers, a number of discounted ENA tokens in an amount equal to the Signing Cash PIPE Proceeds (as defined below) less the Signing Permitted Expense Amount (as defined below) (the “ Signing Locked ENA Purchase ” and such ENA tokens, the “ Signing Locked ENA ”) with such Signing Locked ENA to be deposited in the Signing Custodial Account (as defined below); WHEREAS, Opco, in its capacity as administrative agent for the Signing Cash PIPE Subscribers established a custodial account (the “ Signing Custodial Account ”) at Anchorage Digital Bank N.A. (“ Anchorage ”), with Anchorage serving as custodian (the “ Signing Custodian ”), into which the funds deposited by the Signing Cash PIPE Subscribers were funded and the Signing Locked ENA are being held for the benefit of the Signing Cash PIPE Subscribers until the earlier of (i) closing of the Transactions and (ii) the termination of the Business Combination Agreement or the Signing PIPE Agreements, as applicable; WHEREAS, on or about the date of this Agreement, SPAC, Opco and Pubco entered into subscription agreements (and any subsequent subscription agreements that SPAC, Opco and Pubco may enter into between the date hereof and the Closing, the “ Follow-On PIPE Agreements ”, and together with the Signing PIPE Agreements, the “ PIPE Agreements ”) with certain third-party subscribers pursuant to which such third-party subscribers have agreed Annex E-1