Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 21

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 21
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 of the economic value of StablecoinX in each of the No Redemption Scenario, the 50% Redemption Scenario and the Maximum Redemption Scenario, respectively, and assuming in each scenario that the fair market value of ENA Token at Closing is $0.2547 per token) and approximately 323,750shares of StablecoinX Class B Common Stock (representing an aggregate of approximately 4.2% of the voting rights of StablecoinX in each of the No Redemption Scenario, the 50% Redemption Scenario and the Maximum Redemption Scenario, respectively, and assuming in each scenario that the fair market value of ENA Token at Closing is $0.2547 per token), in exchange for the approximately 323,750shares of SC Assets Class B Common Stock held by them as of the date of this proxy statement/prospectus, and (iii) Young Cho is expected to serve as the Chief Executive Officer or Chief Financial Officer of StablecoinX, and Edward Chen is expected to serve as a member of the StablecoinX Board, in each case following the Closing. These conflicts of interest may include a material conflict of interest arising in determining whether to proceed with the Business Combination, the compensation of TLGY’s directors and officers and the compensation of the Sponsors and the Sellers in connection with the Business Combination. See the section entitled “ The Business Combination Proposal — Interests of Certain TLGY Persons in the Business Combination”. After careful consideration, the board of directors of TLGY (the “TLGY Board”) has unanimously approved and determined to be in the best interests of TLGY and its shareholders the Business Combination and unanimously recommends that shareholders vote “FOR” the Business Combination Proposal and “FOR” all other proposals presented to TLGY’s shareholders in the accompanying proxy statement / prospectus. In addition, the TLGY Board received an opinion from Scalar LLC as to the fairness, from a financial point of view, of the consideration to be received by certain TLGY shareholders in connection with the Business Combination, a copy of which is attached hereto as Annex M. When you consider the recommendation of these proposals by the TLGY Board, you should keep in mind that TLGY Sponsors LLC (the “Former Sponsor”), CPC Sponsor Opportunities I, LP (“CPCSO”), CPC Sponsor Opportunities I (Parallel), LP (“CPCSO Parallel” and, together with CPCSO, the “Current Sponsors” and collectively with the Former Sponsor, the “Sponsors”) and TLGY’s directors and officers, and / or their affiliates, have interests