TLGY ACQUISITION CORP 8-K

What Happened
TLGY Acquisition Corp. filed an 8-K (Jan 23, 2026) reporting an amendment to the Business Combination Agreement with StablecoinX Inc. and StablecoinX Assets Inc. The original Business Combination Agreement (entered July 21, 2025) contemplates a merger that would make TLGY and StablecoinX Assets wholly owned subsidiaries of StablecoinX and result in StablecoinX becoming a publicly traded company. The amendment, effective January 21, 2026, extends the transaction Outside Date to April 21, 2026. StablecoinX has also filed a Form S-4 registration statement (including a preliminary proxy/prospectus); after effectiveness TLGY will mail the definitive proxy/prospectus and hold an Extraordinary General Meeting for shareholder approval.

Key Details

• Amendment to the Business Combination Agreement effective January 21, 2026 (filed as Exhibit 2.1).
• Outside Date for closing the transaction extended to April 21, 2026.
• Original Business Combination Agreement signed July 21, 2025; transaction would make TLGY and StablecoinX Assets subsidiaries of StablecoinX and take StablecoinX public.
• StablecoinX filed a Form S-4 (preliminary proxy/prospectus); definitive materials will be sent after the S-4 is declared effective.

Why It Matters
The extension gives the parties additional time to satisfy closing conditions and complete the proposed SPAC business combination. For TLGY shareholders, the filing signals that a vote will be required at an Extraordinary General Meeting once the S-4 is effective, and shareholders should review the proxy/prospectus when available for details on risks, redemption procedures and potential impacts on timing and listing. The 8-K also highlights forward-looking statements and enumerates risks tied to closing the transaction, listing requirements, token-related exposures referenced in the filing, and shareholder redemptions — all items investors should consider before making decisions.