Welcome to our dedicated page for TLGY ACQUISITION CORPORATION news (Ticker: TLGWF), a resource for investors and traders seeking the latest updates and insights on TLGY ACQUISITION CORPORATION stock.
News for TLGY ACQ CORP WTS (TLGWF) centers on TLGY Acquisition Corporation’s activities as a special purpose acquisition company and its announced business combination with StablecoinX Assets Inc. Company press releases describe TLGY as a blank-check vehicle sponsored by Carnegie Park Capital LLC, formed to complete a merger or similar business combination with one or more businesses, with a focus on growth companies and private equity-style value creation.
Recent news highlights TLGY’s definitive agreement to combine with StablecoinX Assets Inc., a newly formed validator and infrastructure business supporting the Ethena ecosystem. Coverage explains that the combined company is expected to be named StablecoinX Inc. and that the parties will seek to have StablecoinX’s Class A common shares and warrants listed on Nasdaq under the symbols "USDE" and "USDEW" upon closing. Announcements also discuss a substantial private investment in public equity (PIPE) financing intended to support a multi-year treasury strategy focused on accumulating ENA, the Ethena protocol’s native token.
Investors following TLGWF-related news can expect updates on the progress of the proposed business combination, including conference call announcements, details of the Form S-4 registration statement and proxy process, and disclosures about collaboration and token purchase agreements with an Ethena Foundation subsidiary. News items also describe extensions of TLGY’s business combination deadline, documented through Form 8-K filings that outline monthly extensions funded by deposits into the trust account.
This news page aggregates these transaction-focused updates, regulatory disclosures, and strategic announcements so that readers can review how TLGY’s SPAC structure, proposed combination with StablecoinX, and related financing and governance arrangements may affect the warrants trading under the symbol TLGWF.
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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