StableCoinX Inc. — Form 8-K

TLGY Acquisition Corp. (SPAC) and StableCoinX Inc. (Pubco) executed a Plan of Merger dated June 25, 2026, merging SPAC with StableCoinX SPAC Merger Sub LLC (a Pubco subsidiary), followed immediately by merger of Company Merger Sub into StableCoinX Assets Inc. At effective time: 5,834,587 SPAC Class A shares convert 1:1 to Pubco Class A stock; 105,000 Class B shares convert to Class A; warrants become Pubco warrants. Shareholders may redeem SPAC shares. PIPE investments total $303.1M ($261.9M cash + $41.2M ENA tokens); Ethena contributes ~$60M in ENA tokens for Class B stock. Post-closing board: 5 directors (1 Ethena-designated, 1 Sellers-designated, 3 independent). No specific deal dollar amount disclosed beyond PIPE size.