Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 620

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 620
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 breach would result in the failure of the related condition to closing, (v) by the Company if the TLGY board of directors publicly changes its recommendation with respect to the Business Combination Agreement and transactions and related shareholder approvals under certain circumstances detailed in the Business Combination Agreement, (vi) by TLGY in connection with an uncured breach of a representation, warranty, covenant or other agreement by the Company, Pubco, SPAC Merger Sub or Company Merger Sub, if the breach would result in the failure of the related condition to Closing, or (vii) by either TLGY or the Company if the extraordinary general meeting is held and TLGY shareholder approval is not received. None of the parties to the Business Combination Agreement is required to pay a termination fee or reimburse any other party for its expenses as a result of a termination. The Business Combination Agreement also contains obligations of the parties to use their reasonable best efforts to consummate the various transactions contemplated by the Business Combination Agreement and carrying out the private investment in public equity (“PIPE”) funding efforts in connection with the closing and PIPE subscription agreements (“PIPE Subscription Agreements”) (see Note 8). Note 5. Related Party Transactions and Balances The accounts receivable, related party balance of $0.3million outstanding as of June30, 2025 is due from the Company Founders as payment for the shares of Class B common stock receivable upon formation of the Company as well as an additional amount due from an investor who contributed a perpetual software license which represents the definite lived intangible of the Company (see Note 8). The fair value of the perpetual software license is based on the value derived from the arm’s -lengthtransaction between the Company and the contributing investor. Under the terms of the license agreement, the license returns back to the founder if the Transactions are not consummated. F-79

StablecoinX Assets Inc. Notes to Financial Statements June 30, 2025 Note 5. Related Party Transactions and Balances (cont.) As of June 30, 2025, the Company’s Founders paid, on behalf of the Company, its legal retainer fee of $25,000. In August 2025, upon collection of the outstanding receivable from the stockholders, the Company paid the full $25,000 fee and the Founders were reimbursed in full (see Note 8). Note 6. Net Loss Per Share Attributable to Common Stockholders The following table sets forth the computation of basic and dilutive