- TLGY Acquisition Corp. (OTC: TLGYF) sets a definitive business combination with StablecoinX Assets Inc.
- The new entity, StablecoinX Inc., aims to list on Nasdaq under the ticker symbol "USDE".
- The conference call to discuss the transaction is rescheduled for July 22, 2025, at 8:30 a.m. ET.
TLGY Acquisition Corp. (OTC: TLGYF), a special purpose acquisition company, has announced a definitive agreement to merge with StablecoinX Assets Inc., a company specializing in validation and infrastructure within the Ethena ecosystem. Upon completion, the combined entity will be named StablecoinX Inc. and is set to list its Class A common shares on Nasdaq under the ticker "USDE".
The conference call with securities analysts, initially scheduled earlier, has been moved to July 22, 2025, at 8:30 a.m. ET. The call will be accessible through a webcast available on TLGY's website under the "Events" section. This session will cover the details of the transaction and allow analysts to engage with the company's executives.
StablecoinX plans to file a registration statement on Form S-4 with the SEC, which will include a preliminary proxy statement and prospectus. This move is a key step as regulatory approval and shareholder consent are required to finalize the merger. The transaction must satisfy several closing conditions, including gaining TLGY shareholder approval and meeting regulatory clearance requirements.
It is important to note the risks involved, including potential shareholder redemptions, regulatory uncertainties in the crypto asset space, and exposure to ENA price volatility, all of which could impact the deal's completion. Investors and stakeholders are advised to review forthcoming documents filed with the SEC to comprehend the full scope of the transaction's terms and implications.
