TLGY Acquisition Corporation
TLGYW
NASDAQ Global Market0.04
USD
- -
- -
CIK
0001879814
ISIN
KYG8656T1250
CUSIP
G8656T125
Return %
Stock
S&P500
1Y
99.50
26.84
3Y
-88.92
77.03
5Y
-88.92
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Vikas Desai
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 4001 Kennett Pike Wilmington DE United States of America 19807
- IPO Date
- Jan 21, 2022
- CIK
- 0001879814
- Website
- tlgyacquisition.com
- Similar Companies
- Business
- TLGY Acquisition Corporation (NASDAQ: TLGYU, TLGY, TLGYW; OTC: TLGYF), a blank check company sponsored by Carnegie Park Capital LLC and based in Wilmington, Delaware, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more growth-oriented businesses, originally targeting the biopharma and technology-enabled business-to-consumer sectors worldwide. Incorporated in 2021 with headquarters addressed via its sponsor at 200 East 94th Street, New York, NY, the company completed its initial public offering in 2023, raising $230 million through 23 million units at $10.00 each, listed on Nasdaq. TLGY currently holds no significant operations or products but maintains trust proceeds from its IPO for deployment in a target acquisition. In July 2025, TLGY entered a definitive business combination agreement with StablecoinX Assets Inc., a newly formed validator and infrastructure provider supporting the Ethena ecosystem, the third-largest issuer of digital dollars (USDe) behind Tether and Circle; the deal, expected to close in Q4 2025 subject to shareholder approval and Nasdaq listing under ticker USDE for StablecoinX Class A shares, includes an initial $360 million PIPE financing anchored by a $60 million Ethena Foundation commitment and participation from Dragonfly, Ribbit Capital, Blockchain.com, Pantera Capital, ParaFi Capital, Haun Ventures, Polychain Capital, Galaxy Digital, and Wintermute, with PIPE proceeds ($260 million cash plus $100 million in discounted ENA tokens) earmarked for acquiring locked ENA (Ethena's governance token) to build a permanent treasury reserve under a five-year collaboration agreement featuring an investment committee for oversight. In September 2025, TLGY and StablecoinX secured an additional $530 million PIPE from YZi Labs, Brevan Howard, Susquehanna Crypto, IMC Trading, and prior investors including Dragonfly, ParaFi Capital, Maven11, Kingsway, Mirana, and Haun Ventures, elevating total committed financing above $890 million to fuel ENA accumulation and position the post-merger StablecoinX as the first pure-play treasury company in the Ethena stablecoin vertical, operating validators, staking services, and ecosystem infrastructure to maximize ENA per share for public market investors.