Welcome to our dedicated page for Tlgy Acquisition news (Ticker: TLGUF), a resource for investors and traders seeking the latest updates and insights on Tlgy Acquisition stock.
News for TLGY ACQ CORP UTS (TLGUF) centers on TLGY Acquisition Corporation’s activities as a special purpose acquisition company and its proposed business combination with StablecoinX Assets Inc. and StablecoinX Inc. As a SPAC and shell company in the financial services sector, TLGY generates news primarily through transaction announcements, regulatory filings, and updates on the progress of its initial business combination.
Recent press releases highlight TLGY’s definitive Business Combination Agreement with SC Assets, a newly formed validator and infrastructure business that supports the Ethena ecosystem. Coverage also focuses on the plan for the combined company to be named StablecoinX Inc., with an intention to seek listing of StablecoinX’s Class A common shares and warrants on Nasdaq under the symbols USDE and USDEW. Another major news theme is the announced PIPE financing, which is expected to support a multi‑year ENA treasury strategy connected to the Ethena protocol.
Investors following TLGUF can expect updates on conference calls with analysts, the filing and effectiveness of the registration statement on Form S‑4, shareholder meeting details, and ongoing extensions of TLGY’s termination date for completing its business combination. News items also include joint communications from TLGY, SC Assets, StablecoinX, and the Ethena Foundation describing collaboration agreements, token purchase arrangements, and governance structures for the proposed combined company.
This news page aggregates these developments so readers can monitor how TLGY’s SPAC lifecycle, its business combination with StablecoinX, and related capital markets activities evolve over time. It is a resource for tracking transaction milestones, regulatory disclosures, and other material events affecting TLGY’s units, shares, and warrants.
TLGY Acquisition Corp. (OTC: TLGYF) has announced a definitive agreement for a business combination with StablecoinX Assets Inc., a validator and infrastructure business supporting the Ethena ecosystem. The combined entity will be named StablecoinX Inc. and plans to list on Nasdaq under the ticker symbol "USDE".
The company has rescheduled its conference call to discuss the transaction with securities analysts for July 22, 2025, at 8:30 a.m. ET. StablecoinX will file a registration statement on Form S-4 with the SEC, including a preliminary proxy statement and prospectus. The transaction is subject to various closing conditions, including TLGY shareholder approval and regulatory clearances.
TLGY Acquisition Corp. (OTC: TLGYF) has announced a business combination with StablecoinX Assets Inc. to form StablecoinX Inc., aiming to become the first pure-play treasury company in the Ethena stablecoin ecosystem. The combined company will seek Nasdaq listing under ticker "USDE".
The transaction includes a substantial $360 million PIPE financing, with $260 million in cash and $100 million in discounted ENA tokens. Key investors include the Ethena Foundation ($60M), Dragonfly, Ribbit Capital, Blockchain.com, and others. The company will implement a strategic ENA token accumulation program, supported by a $260 million token buyback initiative from the Ethena Foundation.
The deal features a 5-year collaboration agreement with Ethena Foundation, who will maintain majority voting control through Class B shares. The transaction is expected to close in Q4 2025, subject to shareholder approval and Nasdaq listing requirements.
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