Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 490

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 490
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4. No compensation has been paid by StablecoinX to its named executive officers or directors since its inception. Additionally, there has been no outstanding equity awards held by StablecoinX’s named executive officers or directors since StablecoinX’s inception. StablecoinX is in the process of negotiating employment agreements with its Chief Executive Officer and other executive officers and expects to enter into an employment agreement with each of its Chief Executive Officer and its other executive officers prior to the Closing. StablecoinX also intends to grant equity awards under an incentive plan to be adopted by StablecoinX, to StablecoinX’s Chief Executive Officer and its other executive officers and directors. The type of awards, the number of shares subject to such awards, and the other terms and conditions of such awards cannot be determined at this time as they are subject to an arm’s length negotiation with each executive. As party to the anticipated employment agreements and recipients of the anticipated equity awards, StablecoinX’s Chief Executive Officer and other executive officers and directors may have interests in the Business Combination that are different from, or in addition to, the stockholders of StablecoinX and TLGY. SC Assets As SC Assets was formed on June 30, 2025, it had no officers or directors as of December 31, 2024. No compensation has been paid by SC Assets to its named executive officers or directors since its inception. Additionally, there have been no outstanding equity awards held by SC Assets’ named executive officers or directors since SC Assets’ inception. 240

MANAGEMENT OF STABLECOINX FOLLOWING THE BUSINESS COMBINATION The Business Combination Agreement provides that the StablecoinX Board will initially be comprised of five (5) directors, of whom the following have been identified as director nominees: Edward Chen, [•], [•], [•] and [•]. As described in the Business Combination Agreement: (a) the director nominees will be those individuals named below as director nominees, with one director ([•]) designated by Ethena and one director (Edward Chen) designated by the Sellers, and (b) Young Cho will be appointed as the Chief Executive Officer (or the Chief Financial Officer) of the Company after Closing. StablecoinX is in the process of identifying the individuals that will serve as the Chief Executive Officer and Chief Financial Officer following Closing. It is currently anticipated that Young Cho, the Chief Executive Officer of TLGY and SC Assets, will serve as either the Chief Executive Officer or the Chief Financial Officer of StablecoinX following the Closing