TLGY Acquisition Corp. merges with StableCoinX Assets in $363M PIPE-backed deal

TLGY ACQUISITION CORP

PIPE of ~$363M (~$262M cash, ~$101M in ENA tokens including $60M from Ethena Foundation).
Post-merger, Pubco to provide infrastructure & staking for Ethena Protocol; locked ENA tokens for 48 months.
Ethena contributes $60M ENA tokens at 30% discount, receiving majority voting power of Pubco Class B common.
Net cash PIPE proceeds (~$259.5M) to buy locked ENA tokens; custody with Anchorage Digital until close.
No termination fee; TLGY bears costs for Registration Statement and Nasdaq listing.

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