Articles from TLGY Acquisition Corp.

TLGY Acquisition Corp. (OTC: TLGYF) (“TLGY”), a special purpose acquisition company, and StablecoinX Assets Inc. (“SC Assets”), a newly-formed validator and infrastructure business supporting the Ethena ecosystem, which together previously announced their entry into a definitive agreement for a business combination (the “Business Combination Agreement” and the transactions contemplated thereby, the “Transaction”), today announced the signing of an additional $530 million in private investment in public equity (“PIPE”) financing (“Additional PIPE”) in connection with the Transaction. The Additional PIPE financing is expected to support the combined company’s efforts to establish a multi-year treasury strategy focused on building a reserve of ENA, the Ethena protocol’s native token.

New York , July 21, 2025 (GLOBE NEWSWIRE) -- TLGY Acquisition Corp. (OTC: TLGYF) (“TLGY”), a special purpose acquisition company, today announced that it has entered into a definitive agreement for a business combination with StablecoinX Assets Inc. (“SC Assets”), a newly-formed validator and infrastructure business supporting the Ethena ecosystem (the definitive agreement, the “Business Combination Agreement” and the transactions contemplated thereby, the “Transaction”). The combined company will be named StablecoinX Inc. (“StablecoinX” or the “Company”) and the parties will seek to have StablecoinX’s Class A common shares listed on Nasdaq under the ticker symbol “USDE.”

Combined Business Expected to be the First Pure-Play Treasury Company in the Ethena Stablecoin Vertical and Will Seek to have its Shares Listed on Nasdaq under Ticker “USDE” at Closing