Company: TLGYF
Filing Date: 2025-07-22
Form Type: 425
Source: 0001213900-25-066736
Chunk: 0

Company: TLGY ACQUISITION CORP
Filing Date: 2025-07-22
Form: 425
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Filed by TLGY Acquisition Corp.

Pursuant to Rule 425 under the Securities Act of 1933

and deemed filed pursuant to Rule 14a-12

under the Securities Exchange Act of 1934

Subject Company: TLGY Acquisition Corp.

Commission File No. 001-41101

Date: July 22, 2025

As previously announced, on
July 21, 2025, TLGY Acquisition Corp., a Cayman Islands exempted company (“TLGY”), StableCoinX Assets Inc., a Delaware corporation
(“SC Assets”), StableCoinX Inc., a Delaware corporation, (“Pubco”), StableCoinX SPAC Merger Sub LLC, a Delaware
limited liability company and a wholly-owned subsidiary of Pubco (“SPAC Merger Sub”), and StableCoinX Company Merger Sub,
Inc., a Delaware corporation and a wholly-owned subsidiary of Pubco (“Company Merger Sub”), entered into a business combination
agreement (the “Business Combination Agreement”), for a business combination transaction (the “Transaction”) that
will result in, among other things, TLGY and SC Assets becoming wholly owned subsidiaries of Pubco and Pubco becoming a publicly traded
company.

On July 22, 2025, representatives from TLGY, SC Assets and the Ethena Foundation held an investor call relating to the Transaction. In
addition, on July 22, 2025, each of TLGY, Young Cho, Chief Executive Officer of TLGY and SC Assets, and Edward Chen, the managing member
of the current sponsors of TLGY, posted on LinkedIn relating to the Transactions. The transcript and social media posts are provided below.

Young Cho(Chief Executive Officer of TLGY and SC Assets): Good morning, everyone. We are thrilled to share with you today that we have entered into a definitive agreement
with a business transaction that will enable shareholders to participate in the burgeoning world of Stablecoins and decentralized finance
through a digital asset treasury vehicle called StablecoinX, Inc., which we plan to take public through TLGY, a special purpose acquisition
company.

Our presentation today will outline the reasons
why we believe stablecoin issuers represent a significant thematic investment opportunity, introduce you to Ethena, a leading player in
the digital dollar ecosystem, and finally detail how StablecoinX will offer investors exposure to Ethena’s growth.

We’ll be walking you through the strategic
vision behind StablecoinX, its role as a strategic partner to Ethena