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TLGY Acquisition Corp. and StablecoinX Assets Inc. Announce Additional $530 Million in PIPE Financing and Creation of New Strategic Advisory Board

1. TLGYF and SC Assets signed a $530 million business combination agreement. 2. The deal supports the Ethena ecosystem, enhancing TLGYF's market position.

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FAQ

Why Bullish?

The significant financial commitment of $530 million indicates strong investor confidence in TLGYF's future. Historically, successful SPAC mergers often lead to an immediate surge in stock price due to optimism surrounding the merged entity's prospects.

How important is it?

This merger is pivotal for TLGYF's growth strategy. The substantial investment reflects market trust, likely influencing stock performance positively as the deal progresses.

Why Long Term?

The merger with SC Assets could advance TLGYF's strategic positioning in the blockchain space. Long-term benefits could be expected as the Ethena ecosystem expands and matures.

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SC Assets
NEW YORK--(BUSINESS WIRE)--TLGY Acquisition Corp. (OTC: TLGYF) (“TLGY”), a special purpose acquisition company, and StablecoinX Assets Inc. (“SC Assets”), a newly-formed validator and infrastructure business supporting the Ethena ecosystem, which together previously announced their entry into a definitive agreement for a business combination (the “Business Combination Agreement” and the transactions contemplated thereby, the “Transaction”), today announced the signing of an additional $530 mill.

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