Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 433

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 433
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, such as access to representatives for account management and, if needed, lock -upsupport services to restrict withdrawals and transfers from StablecoinX’s accounts with Anchorage. Further, Anchorage may, in its sole discretion, offer on -chainservices to StablecoinX that include staking, voting, vesting, signaling, and other activities involving interaction with the blockchain underlying the ENA Tokens. The Custody Agreement includes provisions related to security protocols, regulatory compliance, indemnification, and fees. Anchorage does not have the authority to assign, hypothecate, pledge, encumber or otherwise dispose of StablecoinX’s digital assets. The Custody Agreement became effective on July17, 2025 and has an initial term of three years, which will be automatically renewed for a renewal term of one year following the initial term unless terminated in accordance with its terms. In evaluating and selecting a custodian, StablecoinX considered two U.S. -baseddigital asset custodians that it believed were capable of supporting the custody of ENA Tokens and related cash balances, Anchorage and BitGo. In conducting its evaluation, StablecoinX considered, among other factors, each custodian’s regulatory status and qualification under applicable law, security architecture and internal controls, experience custodying digital assets with transfer restrictions and lock -upfeatures, reputation, operational capabilities (including transaction settlement and account controls), financial condition, insurance coverage, and ability to support the structure and timing of the PIPE. Based on this evaluation, StablecoinX selected Anchorage because it is one of the few federally chartered trust banks in the United States authorized to custody digital assets and because it demonstrated the ability to provide institutional -gradecustody services consistent with StablecoinX’s operational and compliance requirements. Human Capital Directors and Executive Officers We currently have two executive officers and two directors as follows:

| Name         |     | Age |     | Position                                    |
| Young Cho    |     |  49 |     | Chief Executive Officer; Executive Director |
| Ahmed J. Aly |     |  34 |     | Chief Technology Officer                    |
| Edward Chen  |     |  48 |     | Chairman                                    |

Biographical information on our directors and executive officers is set forth below. See the section entitled “ Informati on Ab out TLGY — Directors and Executive Officers” for biographical information about Young Cho. Ahmed J. Alyhas served as the Company’s Chief Technology Officer since June 2025. Prior to joining the Company, Mr. Aly is