Company: TLGYF
Filing Date: 2025-04-10
Form Type: DEFA14A
Source: 0001104659-25-033548
Chunk: 2

Company: TLGY ACQUISITION CORP
Filing Date: 2025-04-10
Form: DEFA14A
Chunk 2
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 that the parties will explore incorporating a right of participation mechanism, granting TLGY the opportunity to participate in future discounted token sales on terms to be mutually agreed upon at a later date. The LOI also contemplates that the Proposed Partnership will have a term of five years commencing on the effective date of the definitive partnership agreement. To support the Proposed Partnership and reduce dilution to public shareholders, TLGY’s sponsors have expressed a willingness to forfeit a majority of their founder shares in exchange for earnout shares tied to the long-term performance of TLGY. The actual amount forfeited will be mutually agreed upon in connection with the execution of a definitive agreement relating to the Business Combination. A binding commitment with respect to the Proposed Partnership or a proposed Business Combination will only result from the execution of a definitive agreement and then only upon the terms and conditions set forth in the definitive agreement. There can be no assurance that TLGY and Ethena will enter into a definitive agreement with respect to the Proposed Partnership, or, if entered into, there is no certainty of the terms that will be contained in such definitive agreement.

#### Additional Information and Where to Find It
TLGY has filed a definitive proxy statement (the “Extension Proxy Statement”) to be used at in connection with the extraordinary general meeting of its shareholders to approve, among other things, an extension of time in which TLGY must complete an initial business combination (the “Extension”). TLGY has mailed the definitive Extension Proxy Statement and other relevant documents to its shareholders of record as of March 31, 2025. Investors and security holders of TLGY are advised to read the definitive Extension Proxy Statement, and any amendments thereto, because these documents will contain important information about the Extension and TLGY. Shareholders may obtain copies of the definitive Extension Proxy Statement and all other relevant documents that are filed or that will be filed by TLGY with the SEC, without charge, once available, at the SEC’s website at www.sec.gov or by directing a request to: TLGY Acquisition Corp., 4001 Kennett Pike, Suite 302, Wilmington, DE 19807.

#### Forward-Looking Statements
This Current Report on Form 8-K (this “8-K”) relates to the signing of a non-binding LOI between TLGY and Ethena for the Proposed Partnership. The LOI is preliminary and non-binding, and there is no assurance that the parties will successfully negotiate and enter into a definitive agreement. The terms and conditions of any definitive agreement, if reached, may differ materially