Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 40

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 40
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2025, by and between Ethena OpCo and SC Assets, a copy of which is attached hereto as Annex H -1. “ Interim Period” means the period beginning on the Signing Date and ending on the earlier of the termination of the Business Combination Agreement or the Closing Date. “ Investment Company Act” means the Investment Company Act of 1940, as amended. “ IPO” means TLGY’s initial public offering of the TLGY Units, Public Shares and Public Warrants pursuant to a registration statement on Form S -1declared effective by the SEC on November 30, 2021 (SEC File No. 333 -260242). On December 8, 2021, TLGY completed the sale of 23,000,000 TLGY Units, including the issuance of 3,000,000 TLGY Units as a result of the underwriters’ exercise of their over -allotmentoption, in its initial public offering. “ JOBS Act” means the Jumpstart our Business Startups Act of 2012. “ Letter Agreement” means the letter agreement, dated November 30, 2021, by and among TLGY, its directors and officers and the Sponsors containing provisions relating to transfer restrictions of the Founder Shares and Private Placement Warrants, indemnification of the Trust Account, voting obligations, waiver of redemption rights and participation in liquidation distributions from the Trust Account. “ Locked ENA Token” means the locked ENA Token sold to SC Assets by Ethena OpCo and valued at $0.21056 per token, which represents a 30% discount to the fair market value of $0.3008 per token at the signing of the Token Purchase Agreements. “ Maximum Redemption Scenario” means the redemption scenario assuming that holders of 489,887 Public Shares, or 100% of the currently outstanding Public Shares, exercise redemption rights with respect to such shares for their pro rata share of the funds in the Trust Account. The Maximum Redemption Scenario Assumes that the fair market value of ENA Token at Closing is $0.2547 per token, the fair value of ENA Token on December 22, 2025, which is based on the 30 -dayVWAP of ENA Tokens ending December 22, 2025. “ Mergers” means the SPAC Merger and Company Merger. “ Mizuho” means Mizuho Securities USA LLC, the representative of the underwriters in the TLGY IPO.