Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 586

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 586
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 the termination of the Business Combination Agreement pursuant to its terms and (iii) the mutual written consent of the parties thereto. This agreement was amended and restated on September 5, 2025. See below. On September 5, 2025, the Company executed additional agreements in contemplation of the pending Business Combination as follows: Additional PIPE Subscription Agreements TLGY, SC Assets and the Company entered into additional PIPE subscription agreements with certain investors, including Ethena OpCo and Guy Young, founder of Ethena Labs, S.A. (the “Additional PIPE Investors”). The Additional PIPE Investors agreed to purchase shares of SC Assets Class A Common Stock prior to the proposed Business Combination of approximately $530 million of which approximately $248 million will be paid in ENA Tokens and approximately $282 million will be paid in cash (the “Additional PIPE Subscription Agreements”). To the extent the issuance of the PIPE Shares to an Additional PIPE Investor would cause the Additional PIPE Investor to own more than 9.90% of the total issued and outstanding shares of the Company’s Class A Common Stock at the Business Combination closing (the “Beneficial Ownership Limitation”), then, such Additional PIPE Investor will receive a portion of their PIPE Shares in the form of SC Assets Class A Common Stock in an amount that would cause the Additional PIPE Investor to meet but not exceed the Beneficial Ownership Limitation, F-83 StablecoinX Inc. and Subsidiaries
Notes to Consolidated Financial Statements
August 31, 2025 Note 7. Subsequent Events (cont.) and a pre -fundedwarrant to purchase the remaining amount PIPE Shares (the “Pre -FundedWarrant”). The Pre -FundedWarrant is exercisable at any time after the original issuance date. The Additional PIPE Subscription Agreements are in substantially the same form as the Initial PIPE Subscription Agreements. Additional Token Purchase Agreement Contemporaneously with the Additional PIPE Subscription Agreements and to facilitate the transactions contemplated by the agreements, SC Assets, solely in its capacity as administrative agent (the “Administrative Agent”) for the Additional PIPE Investors who paid the purchase price for their PIPE Shares in Cash (the “Additional Cash PIPE Investors”) and Ethena OpCo entered into a token purchase agreement (the “Additional Token Purchase Agreement”), pursuant to which, among other things, Ethena OpCo agreed to sell locked ENA Token (the “Additional Locked ENA Token”) to SC Assets, in its capacity as Administrative Agent, valued at $0