Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 103

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 103
---
 Agreement, our Sponsors, our officers and directors and their respective affiliates may be entitled to reimbursement for any reasonable out -of -pocketexpenses related to identifying, investigating and consummating an initial business combination, and repayment of any other loans, if any, and on such terms as to be determined by TLGY from time to time, made by our Sponsors or certain of our officers and directors to finance transaction costs in connection with an intended initial business combination. As of the date of this proxy statement/prospectus, no reimbursable out -of-pocketexpenses were outstanding. •Pursuant to the Amended and Restated Registration Rights Agreement, TLGY’s officers and directors, and the Sponsors and their members will have customary registration rights, including demand and piggy -backrights, subject to cooperation and cut -backprovisions with respect to the StablecoinX Class A Common Stock held by such parties following the consummation of the Business Combination. As a result of the foregoing interests, the Sponsors and TLGY’s directors and officers will benefit from the completion of a business combination and may be incentivized to complete an acquisition of a less favorable target company or on terms that would be less favorable to Public Shareholders. In the aggregate, the Sponsors have approximately $66.1 million at risk that depends upon the completion of a business combination. Such amount consists of, with respect to the Former Sponsor: (a) approximately $11.9 million representing the value of the Founder Shares currently held by the Former Sponsor (based upon the closing price of $12.12 per TLGY Ordinary Share on the OTC Pink on December 22, 2025, the most recent practicable date prior to the date of this proxy statement/prospectus), (b) $11,259,500 representing the value of the Private Placement Warrants purchased by the Former Sponsor (using the $1.00 per warrant purchase price), (c) an aggregate of approximately $1,217,000 outstanding under the Working Capital Loans (as defined herein), and (d) approximately $1,695,000 outstanding under the Extension Promissory Notes (as defined herein); and, with respect to the Current Sponsors: (a) approximately $36.9 million representing the value of the Founder Shares currently held by the Current Sponsors (based upon the closing price of $12.12 per TLGY Ordinary Share on the OTC Pink on December 22, 2025, the most recent practicable date prior