Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 263

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 263
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) the date on which TLGY consummates a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of its stockholders having the right to exchange their shares of StablecoinX stock for cash, securities or other property. 107 Amended and Restated Registration Rights Agreement Concurrently with the Closing, each Founder Shareholder, each Seller, Ethena, TLGY and StablecoinX shall enter into the Amended and Restated Registration Rights Agreement, pursuant to which StablecoinX will (i) assume the registration obligations of TLGY under such registration rights agreement, with such rights applying to the shares of StablecoinX Class A Common Stock and (ii) provide registration rights with respect to the resale of shares of StablecoinX Class A Common Stock held by Ethena, each Founder Shareholder and each Seller. We estimate that holders of an aggregate of 19,480,939shares of StablecoinX Class A Common Stock will be entitled to registration rights immediately following the Closing, representing approximately 10.68% of the total issued and outstanding shares of StablecoinX Class A Common Stock following the Business Combination. Background of the Business Combination The terms of the merger are the result of negotiations between TLGY, SC Assets, the Ethena Foundation, and their respective representatives. The following is a summary of the key meetings and events that led to the signing of the Business Combination Agreement. This summary does not purport to catalogue every conversation among the parties or their representatives. TLGY is a blank check company incorporated in May 2021 as a Cayman Islands exempted company to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. We initially focused our search on the global biopharmaceutical or technology -enabledbusiness -to -consumerindustries, however, due to challenging market conditions, we refined our search to focus on businesses with the following characteristics: (i) innovative and leading -edgetechnology with breakthrough potential, (ii) strong value proposition and significant potential to fuel sustainable and profitable growth, (iii) low minimum cash requirement with existing PIPE anchor, and (iv) business that appreciate TLGY’s SPAC structure and value add potential from the expertise of our officers, directors, and advisors. In December, 2021, we consummated our initial public offering of 23,000,000 units at $10.00 per unit, generating gross proceeds of $