TLGY ACQUISITION CORP 8-K

What Happened

• On March 10, 2026, TLGY Acquisition Corporation announced that its shareholders approved the proposed business combination with StablecoinX Assets Inc. at an extraordinary general meeting. The Business Combination Agreement (originally dated July 21, 2025 and amended January 21, 2026) contemplates a two-step merger that will make StablecoinX a publicly traded company. Each issued and outstanding TLGY Class A ordinary share will be exchanged for one share of StablecoinX Class A common stock upon the SPAC Merger.

Key Details

• Record date for the meeting: February 4, 2026. Shares entitled to vote: 5,834,587 Class A and 105,000 Class B ordinary shares.
• Quorum/attendance: 5,761,409 Ordinary Shares (≈97.00%) represented in person or by proxy.
• Vote results (for each substantive proposal): For 5,759,409; Against 2,000; Abstain 0 — all proposals were approved.
• Shareholder actions: 388,406 Class A ordinary shares were redeemed for their pro rata portion of the trust account.
• Advisory votes approved material charter/bylaw changes including no voting rights for StablecoinX Class A Common Stock, limitations on written consents/special meetings, classified board structure, and supermajority requirements to amend charter/bylaws or remove directors.
• TLGY furnished a press release dated March 10, 2026 (Exhibit 99.1) announcing the approvals.

Why It Matters

• The shareholder approvals clear a key regulatory and corporate-governance step needed to complete the mergers that will transform TLGY from a SPAC into StablecoinX, a publicly traded company — an outcome material to investors holding TLGY equity or considering post-combination StablecoinX shares.
• The redemption of 388,406 Class A shares reduces the number of TLGY shares that will convert into StablecoinX stock, which affects share count and potential dilution calculations for post-combination investors.
• Approved charter changes (e.g., non-voting Class A common, classified board, supermajority thresholds) define governance and voting power for the combined company and are important to understand when evaluating future shareholder influence.