TLGY Acquisition Corp. Announces Effectiveness of Registration Statement for Proposed Business Combination

Extraordinary General Meetings Scheduled for March 10, 2026

Published on Feb. 21, 2026

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TLGY Acquisition Corp. announced that the registration statement on Form S-4 filed by StablecoinX Inc., relating to the previously announced business combination between TLGY, StablecoinX and StablecoinX Assets Inc., has been declared effective by the U.S. Securities and Exchange Commission. The extraordinary general meeting of TLGY's shareholders to be held in connection with the Business Combination will be held on March 10, 2026.

Why it matters

The proposed business combination between TLGY, StablecoinX and StablecoinX Assets Inc. is a significant event as it represents a major milestone in the growth and development of these companies. The effectiveness of the registration statement and the upcoming extraordinary general meeting are crucial steps in the process of completing the transaction.

The details

The parties anticipate that the Business Combination will close in the first quarter of 2026, subject to satisfaction of the closing conditions. TLGY Acquisition Corporation is a blank-check company sponsored by Carnegie Park Capital LLC, whose business purpose is to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. SC Assets is a newly-formed company that is expected to operate an infrastructure software and services business, which may include running validators and related technical services, for the Ethena protocol.

  • The registration statement on Form S-4 was declared effective on February 17, 2026.
  • The extraordinary general meeting of TLGY's shareholders will be held on March 10, 2026.
  • The parties anticipate that the Business Combination will close in the first quarter of 2026.

The players

TLGY Acquisition Corporation

A blank-check company sponsored by Carnegie Park Capital LLC, whose business purpose is to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.

StablecoinX Inc.

The company that filed the registration statement on Form S-4 relating to the previously announced business combination with TLGY and StablecoinX Assets Inc.

StablecoinX Assets Inc.

A newly-formed company that is expected to operate an infrastructure software and services business, which may include running validators and related technical services, for the Ethena protocol.

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What’s next

The parties anticipate that the Business Combination will close in the first quarter of 2026, subject to satisfaction of the conditions to the closing of the Business Combination.

The takeaway

The proposed business combination between TLGY, StablecoinX and StablecoinX Assets Inc. represents a significant milestone in the growth and development of these companies, as they work towards completing the transaction and establishing a new infrastructure software and services business focused on the Ethena protocol.