StableCoinX Inc.

Recent Developments

On June 25, 2026, the Company closed its previously announced Business Combination with TLGY and SC Assets. Pursuant to the terms of the Business Combination Agreement, on the Closing Date, (1) TLGY merged with and into SPAC Merger Sub, with TLGY continuing as the surviving company, as a result of which the holders of TLGY Ordinary Shares received one share of StablecoinX Class A Common Stock for each TLGY Class A Ordinary Share held by such shareholder, and (2) immediately thereafter, Company Merger Sub merged with and into SC Assets, with SC Assets continuing as the surviving company, as a result of which the holders of shares of SC Assets Class A Common Stock received one share of StablecoinX Class A Common Stock for each share of SC Assets Class A Common Stock held by such holder and the holders of shares of SC Assets Class B Common Stock received one share of StablecoinX Class A Common Stock and one share of StablecoinX Class B Common Stock for each share of SC Assets Class B Common Stock held by such holder. As a result of the Closing, TLGY and SC Assets became wholly-owned subsidiaries of the Company, and the Company became a publicly traded company.