Company: TLGYF
Filing Date: 2025-09-29
Form Type: S-4
Source: 0001213900-25-092592
Chunk: 330

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-29
Form: S-4
Chunk 330
---
 by allocating the aggregate fair market values of (i) the shares of StablecoinX Common Stock and (ii) the StablecoinX Warrants received by such U.S. Holder among the Public Shares and Public Warrants owned by such U.S. Holder immediately prior to the Mergers in proportion to their fair market values. Any such gain recognized generally will be capital gain and will be long -termcapital gain if such U.S. Holder’s holding period for the Public Shares or Public Warrants, as applicable, is more than one year at Closing. Long -termcapital gains recognized by non -corporateU.S. Holders generally are subject to U.S. federal income tax at a reduced rate of tax (compared to ordinary income). Any loss realized by such U.S. Holder would not be recognized. ii.Such U.S. Holder’s aggregate tax basis in the shares of StablecoinX Common Stock received in the SPAC Merger generally will be the amount equal to (1) such U.S. Holder’s aggregate tax basis in the Public Shares and Public Warrants surrendered in the Mergers, plus (2) the amount of any gain recognized by such U.S. Holder in the SPAC Merger (as described above), minus (3) the fair market value (determined as of the Closing Date) of the StablecoinX Warrants received by such U.S. Holder pursuant to the SPAC Merger. Such U.S. Holder’s aggregate tax basis in the StablecoinX Warrants received in the SPAC Merger generally will equal the fair market value (determined as of the Closing Date) of such StablecoinX Warrants. 145 iii.Such U.S. Holder’s holding period of the shares of StablecoinX Common Stock received in the SPAC Merger generally will include the holding period during which the Public Shares or Public Warrants, as applicable, surrendered in exchange therefor were held by such U.S. Holder. Such U.S. Holder’s holding period of StablecoinX Warrants received in the SPAC Merger generally will begin on the day after the Closing Date. If the Intended Tax Treatment Does Not Apply If the Intended Tax Treatment does not apply, then (in each case, subject to the PFIC rules discussed above under “— Passive Foreign Investment Company Rules”): i.A U.S. Holder that receives both shares of StablecoinX Common Stock and StablecoinX Warrants in the SPAC Merger in exchange for such U.S. Holder’s