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TLGY Acquisition ( (TLGYF) ) has provided an announcement.
On July 21, 2025, TLGY Acquisition Corp. and StableCoinX Assets Inc. announced a business combination agreement to form StablecoinX Inc., a company focused on the Ethena stablecoin ecosystem. The agreement involves a $360 million private investment in public equity (PIPE) to support a multi-year treasury strategy for accumulating ENA tokens, Ethena’s native protocol token, with the aim of enhancing shareholder value and supporting the growing demand for digital dollars. The transaction is expected to close in the fourth quarter of 2025, subject to shareholder approval and other customary conditions.
More about TLGY Acquisition
Average Trading Volume: 3,867
Technical Sentiment Signal: Buy
Current Market Cap: $92.97M
For detailed information about TLGYF stock, go to TipRanks’ Stock Analysis page.