Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 1242

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 1242
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the “ Board”) of the SPAC (“ Opinion”) as to the fairness, from a financial point of view, to the holders of the SPAC’s Class A Ordinary Shares, par value $0.0001 per share, issued and sold in the IPO (the “ SPAC Public Shareholders”) (other than the Sponsor and its respective affiliates and the PIPE Investors (the “ Excluded Parties”)) of the Consideration (as defined below) to be received by the SPAC Public Shareholders in the proposed business combination with StableCoinX Assets Inc. (the “ Company”) pursuant to the Agreement (as defined below), without giving effect to any impact of the Transactions (as defined below) on any particular SPAC Public Shareholder other than in its capacity as a SPAC Public Shareholder. Overview of the Transactions: The draft Business Combination Agreement dated July 18, 2025 (the “ Agreement”), to be entered into among the SPAC, StableCoinX Inc. (“ Pubco”), SPAC Merger Sub, Company Merger Sub, and the Company sets forth the terms of the Transactions. Capitalized terms used but not defined in this letter have the meanings ascribed thereto in the Agreement and Ancillary Documents (together, the “ Transaction Documents”). The Transaction Documents provide, among other things, that: (a)SPAC Class A Ordinary Shares (the “ SPAC Public Shares”) held by the SPAC Public Shareholders who duly elect to redeem their SPAC Public Shares pursuant to the redemption right will have their SPAC Public Shares redeemed and cancelled and such SPAC Public Shareholders will cease to have any rights as shareholders of the SPAC other than the right to be paid their portion of the Redemption Amount; (b)At the Effective Time, the SPAC will merge with and into the SPAC Merger Sub, with the SPAC Merger Sub continuing as the surviving company (the “ SPAC Merger”) 1, with the SPAC Shareholders receiving one share of Pubco Class A Stock for each SPAC Class A Ordinary Share held by such shareholder (provided the Founder Shares are subject to adjustment as outlined in the Agreement and Ancillary Documents); (c)Immediately following the SPAC Merger, Company Merger Sub will merge with and into the Company, with the Company continuing as the surviving company (the “ Company Merger”, and together with the SPAC Merger, the “ Mergers”, and together with the other transactions contemplated by the Transaction Documents and the PIPE Investments