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TLGY Acquisition ( (TLGYF) ) has shared an update.
On April 9, 2025, TLGY Acquisition Corp. entered into a non-binding letter of intent with the Ethena Foundation to explore a potential corporate partnership. This partnership involves TLGY acquiring a validator business to provide proof-of-stake services to the Ethena crypto ecosystem. The agreement includes the potential purchase of up to $100 million worth of ENA tokens and a mechanism for future participation in discounted token sales. TLGY’s sponsors may forfeit founder shares to support the partnership, with the terms to be finalized in a definitive agreement. However, there is no assurance that a binding agreement will be reached.
More about TLGY Acquisition
YTD Price Performance: 2.78%
Average Trading Volume: 16,692
Technical Sentiment Signal: Strong Sell
Current Market Cap: $113.7M
See more data about TLGYF stock on TipRanks’ Stock Analysis page.