Company: TLGYF
Filing Date: 2025-07-21
Form Type: 425
Source: 0001213900-25-065924
Chunk: 20

Company: TLGY ACQUISITION CORP
Filing Date: 2025-07-21
Form: 425
Chunk 20
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 dated as of July 21, 2025, by and among TLGY Acquisition Corp., StableCoinX Assets Inc., StableCoinX Inc., StableCoinX SPAC Merger Sub LLC and StableCoinX Company Merger Sub, Inc. 
 Collaboration Agreement, dated as of July 21, 2025, by and among Ethena Foundation, Ethena OpCo Ltd, StableCoinX Inc. and StableCoinX Assets Inc.                                                                   |
|:------------|:----|:--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.2        |     | Contribution Agreement, dated as of July 21, 2025, by and among TLGY Acquisition Corp., StableCoinX Assets Inc., StableCoinX Inc. and Ethena Foundation.                                                            |
| 10.3        |     | Token Purchase Agreement, dated as of July 21, 2025, by and between Ethena OpCo Ltd and StableCoinX Assets Inc.                                                                                                     |
| 10.4        |     | Form of PIPE Subscription Agreement.                                                                                                                                                                                |
| 10.5        |     | Sponsor Support Agreement, dated as of July 21, 2025, by and among TLGY Acquisition Corp., StableCoinX Assets Inc., StableCoinX Inc. and the other Holders parties thereto.                                         |
| 10.6        |     | Seller Support Agreement, dated as of July 21, 2025, by and among TLGY Acquisition Corp., StableCoinX Assets Inc., StableCoinX Inc., and the Seller party thereto.                                                  |
| 10.7        |     | Form of Lock-Up Agreement.                                                                                                                                                                                          |
| 10.8        |     | Form of Amended and Restated Registration Rights Agreement.                                                                                                                                                         |
| 99.1        |     | Press Release, date July 21, 2025.                                                                                                                                                                                  |
| 99.2        |     | Investor Presentation, dated July, 2025.                                                                                                                                                                            |
| 104         |     | Cover Page Interactive Data File (embedded within the Inline XBRL document).                                                                                                                                        |

<div align='center'>9

SIGNATURE</div>

Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.

| Dated: July 21, 2025 | TLGY Acquisition Corporation 
 By:                          | /s