Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 78

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 78
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 of which is attached to this proxy statement/prospectus as Annex A,and the transactions contemplated thereby. The Business Combination Agreement provides for, among other things, subject to the terms of the Business Combination Agreement, TLGY merging with and into SPAC Merger Sub, with SPAC Merger Sub surviving as a wholly -ownedsubsidiary of StablecoinX and Company Merger Sub merging with and into SC Assets, with SC Assets surviving as a wholly -ownedsubsidiary of StablecoinX, resulting in a combined company whereby TLGY and SC Assets will become wholly -ownedsubsidiaries of StablecoinX and StablecoinX will become a publicly traded company, as more fully described elsewhere in this proxy statement/prospectus. After consideration of the factors identified and discussed in the section of this proxy statement/prospectus entitled “ The Business Combination Proposal — The TLGY Board’s Reasons for the Approval of the Business Combination”, the TLGY Board concluded that the Business Combination met the evaluation criteria for an initial business combination disclosed in the prospectus for the IPO. Organizational Structure The following diagrams illustrate in simplified terms the current structure of TLGY, SC Assets and StablecoinX as well as the expected structure of StablecoinX immediately following the Closing. The shares of StablecoinX Class A Common Stock will have no voting rights other than as required by applicable law and the shares of StablecoinX Class B Common Stock will have one vote per share. Holders of StablecoinX Class A Common Stock will be entitled to receive distributions in proportion to the number of shares of StablecoinX Class A Common Stock held by them, to the extent there are any. Holders of StablecoinX Class B Common Stock will have no economic rights. In addition, the shares of StablecoinX Class A Common Stock will be listed for trading and will be freely transferable, subject to the terms of the Lock -UpAgreements (as defined herein) and any restrictions pursuant to applicable laws. The shares of StablecoinX Class B Common Stock will not be listed or freely transferable. 2 Simplified Pre-Combination Structure The following diagram illustrates in simplified terms the expected structure of StablecoinX immediately following the Closing.The percentages shown reflect the economic interests in StablecoinX on a combined basis, assuming no additional redemptions. Please see the section entitled “ Unaudited Pro Forma Condensed Combined Financial Information — Basis of Pro Forma Presentation” for additional assumptions used in calculating such percentages. Simplified Post-Combination Structure (Assuming