Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 11

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 11
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ponsors Securities Exchange. None of the Sponsors, the Founder Shareholders or TLGY’s directors or officers received separate consideration for their waiver of redemption rights. The Founder Shares held by the Sponsors and the other Founder Shareholders will be excluded from the pro ratacalculation used to determine the per -shareRedemption Price. As of the Record Date, the TLGY Insiders owned approximately 91.67% of the total outstanding TLGY Ordinary Shares and 100% of the outstanding Private Placement Warrants, which is sufficient to approve all the proposals at the extraordinary general meeting. Please see the section entitled “The Business Combination Proposal — Related Agreements — Sponsor Support Agreement.” Potential conflicts of interest in connection with the Business Combination:There may be actual or potential material conflicts of interest between or among (i) the Sponsors, TLGY’s officers and directors, the Sellers, SC Assets’ officers and directors and (ii) unaffiliated security holders of TLGY. The potential conflicts of interest include, but are not limited to, the following: (i) SC Assets was founded by Young Cho, the Chief Executive Officer and Executive Director of TLGY, and Edward Chen, the managing partner of the manager of the Current Sponsors, for the purpose of completing a business combination transaction with TLGY, (ii) in addition to any shares of StablecoinX Common Stock to be issued to them in connection with the Sponsors Securities Exchange, in their roles as co -founders, shareholders and Chief Executive Officer and director and Chairman, respectively, of SC Assets, each of Young Cho and Edward Chen will receive approximately 323,750shares of StablecoinX Class A Common Stock (representing an aggregate of approximately 0.40% of the economic value of StablecoinX in each of the No Redemption Scenario, the 50% Redemption Scenario and the Maximum Redemption Scenario, respectively) and approximately 323,750shares of StablecoinX Class B Common Stock (representing an aggregate of approximately 3.2% of the voting power in StablecoinX in each of the No Redemption Scenario, the 50% Redemption Scenario and the Maximum Redemption Scenario, respectively), in exchange for the approximately 323,750shares of SC Assets Class B Common Stock held by them as of the date of this proxy statement/prospectus, and (iii) Young Cho is expected to serve as the Chief Executive Officer or Chief Financial Officer of StablecoinX, and Edward Chen is expected to serve as a member of the StablecoinX Board,