TLGY and StablecoinX Secure $530M PIPE, Form Advisory Board

New York - September 5, 2025 - TLGY Acquisition Corp. (OTC: TLGYF), a special purpose acquisition company, and StablecoinX Assets Inc. ("SC Assets"), a validator and infrastructure business supporting the Ethena ecosystem, have announced an additional $530 million in private investment in public equity ("PIPE") financing. This new funding is in connection with their previously announced definitive agreement for a business combination.

With this latest financing, the combined company, which will be named StablecoinX Inc. ("StablecoinX") upon the transaction's closing, has now secured a total of $890 million in committed PIPE financing. The combined entity is projected to hold over 3 billion ENA tokens, the Ethena protocol's native token, at the close of the transaction. StablecoinX is set to become the first pure-play treasury company in the Ethena stablecoin vertical.

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