TLGY Acquisition Corp. Announces Business Combination with StablecoinX and $360 Million PIPE Financing to Form Ethena Stablecoin-Focused Treasury Company

Reuters

07-21

<a href="https://laohu8.com/S/TLGY">TLGY Acquisition Corp</a>. Announces Business Combination with StablecoinX and $360 Million PIPE Financing to Form Ethena Stablecoin-Focused Treasury Company

TLGY Acquisition Corporation announced its proposed business combination with StablecoinX, aiming to form a treasury company focused on Ethena stablecoins. The transaction, unanimously approved by the boards of SC Assets and TLGY, is expected to close in Q4 2025. Upon closing, StablecoinX's Class A shares and warrants are anticipated to be listed on Nasdaq under the ticker symbols "USDE" and "USDEW", respectively. Additionally, Ethena Foundation plans to initiate a $260 million token buyback program. Further details can be found in TLGY's related Form 8-K filing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TLGY Acquisition Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9497737-en) on July 21, 2025, and is solely responsible for the information contained therein.

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Announces Business Combination with StablecoinX and $360 Million PIPE Financing to Form Ethena Stablecoin-Focused Treasury Company","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/TLGY\">TLGY Acquisition Corp</a>. Announces Business Combination with StablecoinX and $360 Million PIPE Financing to Form Ethena Stablecoin-Focused Treasury Company\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/TLGUF\">TLGY Acquisition Corporation</a> announced its proposed business combination with StablecoinX, aiming to form a treasury company focused on Ethena stablecoins. The transaction, unanimously approved by the boards of SC Assets and TLGY, is expected to close in Q4 2025. 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Announces Business Combination with StablecoinX and $360 Million PIPE Financing to Form Ethena Stablecoin-Focused Treasury Company\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-07-21 21:28</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/TLGY\">TLGY Acquisition Corp</a>. Announces Business Combination with StablecoinX and $360 Million PIPE Financing to Form Ethena Stablecoin-Focused Treasury Company\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/TLGUF\">TLGY Acquisition Corporation</a> announced its proposed business combination with StablecoinX, aiming to form a treasury company focused on Ethena stablecoins. The transaction, unanimously approved by the boards of SC Assets and TLGY, is expected to close in Q4 2025. Upon closing, StablecoinX's Class A shares and warrants are anticipated to be listed on Nasdaq under the ticker symbols \"USDE\" and \"USDEW\", respectively. Additionally, Ethena Foundation plans to initiate a $260 million token buyback program. Further details can be found in TLGY's related Form 8-<a href=\"https://laohu8.com/S/TKKD.SI\">K</a> filing.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. <a href=\"https://laohu8.com/S/TLGWF\">TLGY Acquisition Corporation</a> published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9497737-en) on July 21, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TLGYF","symbol_name":"TLGY Acquisition Corporation","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250721:nNDL1ZMRdn:1","article_id":"2553472743","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2553472743","pubTimestamp":1753104496,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"TLGY Acquisition Corp. Announces Business Combination with StablecoinX and $360 Million PIPE Financing to Form Ethena Stablecoin-Focused Treasury Company. TLGY Acquisition Corporation announced its proposed business combination with StablecoinX, aiming to form a treasury company focused on Ethena stablecoins. The transaction, unanimously approved by the boards of SC Assets and TLGY, is expected to close in Q4 2025. Upon closing, StablecoinX's Class A shares and warrants are anticipated to be listed on Nasdaq under the ticker symbols \"USDE\" and \"USDEW\", respectively. Additionally, Ethena Foundation plans to initiate a $260 million token buyback program. Further details can be found in TLGY's related Form 8-K filing.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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Announces Business Combination with StablecoinX and $360 Million PIPE Financing to Form Ethena Stablecoin-Focused Treasury Company\n    \n\nTLGY Acquisition Corporation announced its proposed business combination with StablecoinX, aiming to form a treasury company focused on Ethena stablecoins. The transaction, unanimously approved by the boards of SC Assets and TLGY, is expected to close in Q4 2025. Upon closing, StablecoinX's Class A shares and warrants are anticipated to be listed on Nasdaq under the ticker symbols \"USDE\" and \"USDEW\", respectively. Additionally, Ethena Foundation plans to initiate a $260 million token buyback program. Further details can be found in TLGY's related Form 8-K filing.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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