Tlgy Acquisition Corporation · OTC:TLGYF
Tlgy Acquisition — SPAC Merger (September 2025)
12 slides from Tlgy Acquisition's SPAC merger presentation, Sep 9, 2025
Slide 1: Project Legion Investor Presentation September 2025
PROJECT LEGION INVESTOR PRESENTATION SEPTEMBER 2025
Slide 2: Disclaimers and Other Important Information
ooee Disclaimer Disclaimers and Other Important Information This presentation (this “Presentation’) is being furnished solely to recipients that are “qualified institutional buyers" as defined in Rule 144A of the Securities Act of 1933, as amended (the “Securities Act’), or “accredited investors’ (a
Slide 3: Disclaimer (cont'd): Forward-Looking Statements
ooee Disclaimer (cont'd) Forward-Looking Statements This Presentation (and any oral statements regarding the subject matter of this Presentation) contains certain forward - looking statements within the meaning of the U.S. federal securities laws with respect to the Parties and the Transactions, inc
Slide 4: Disclaimer (cont'd): Forward-Looking Statements and Industry Data
ooeoe Disclaimer (cont’d) Forward-Looking Statements (cont'd) Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and none ofthe Parties or any of their Representatives assumes any obligation and do not in
Slide 5: Transaction Summary
ooee Transaction Summary Pro Forma Business Combination Sources & Uses Issuer / Incorporation _ StableCoinx Assets Inc. (‘OpCo") Sources Uses OpCo Equity Roll-Over $7.0M it Expected Exchange Nebded Rollover Equity $55.0M TLGY Trust Account® $4.9M ENA Bought from Ethena $529.4M Capital Raise Type Equ
Slide 6: Project Legion StablecoinX PIPE Locked ENA Purchase Price
Project Legion StablecoinX PIPE 1 Locked Locked ENA Purchase Price ENA Purchase Price ▪ ▪ ▪ $0.40 $0.50 $0.60 $0.70 $0.80 $0.90 $0.30 14 Jul 25 20 Jul 25 26 Jul 25 02 Aug 25 08 Aug 25 15 Aug 25 6
Slide 7: Project Legion Purchase Term vs ENA Spot
Project Legion Purchase Term ($0.29) ENA Spot (4 - Sep - 2025) Circle Spot (4 - Sep - 2025) Circle Peak (20 - Jun - 2025) Market Cap ($B) FDV ($B) ▪ ▪ 7
Slide 8: Stablecoin market comparison: USDe, USDT, USDC and others
▪ ▪ ▪ USDe USDT USDS PYUSD RLUSD BUIDL FDUSD USDC $0 $8,000 $6,000 $4,000 $2,000 $10,000 $12,000 1 152 305 609 762 912 USDC 456 USDe 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% 120.0% 01 Jul 08 Jul 05 Aug 12 Aug 15 Jul USDe 22 Jul USDC 29 Jul USDT 8
Slide 9: StablecoinX Pro Forma: Project Legion accretive to PIPE 1 investors
ooee STABLECOINX PRO FORMA Project Legion accretive to Existing Equily PIPE Financing investors due to pricing differential Potential for pro forma market capitalization to be $2.75B+ PIPE 1 Financing Pro Forma Project Legion (PIPE 2) Transaction Summary 30D WWAP at Closing ($)' 0.6200 30D VWaP at C
Slide 10: Risks Related to the Business and ENA Strategy of Pubco
Risks Related to the Business and ENA Strategy of Pubco Pubco’s principal asset will be ENA. ENA is a highly volatile asset, and Pubco’s operating results may significantly fluctuate, including due to the highly volatile nature of the price of ENA and erratic market movements. Due to Pubco’s lim
Slide 11: Risks Related to TLGY and the Proposed Business Combination
Risks Related to TLGY and the Proposed Business Combination TLGY may not be able to obtained the required shareholder approval to consummate the proposed Business Combination. TLGY’s sponsors, directors and officers have potential conflicts of interest in recommending that TLGY’s shareholders vo
Slide 12: Risks Related to Pubco's Securities Following the Business Combination
Risks Related to Pubco’s Securities Following the Consummation of the Proposed Business Combination The parties will incur significant transaction costs in connection with the proposed Business Combination, which may exceed current estimates and expectations, and those costs will be paid using the