NEW YORK (July 23, 2025) - Perkins Coie is pleased to have advised TLGY Acquisition Corp. (TLGY), a special purpose acquisition company, on its agreement to combine with StablecoinX Assets Inc., a newly formed validator and infrastructure business supporting the Ethena ecosystem. The combined company will be called StablecoinX Inc. and its securities are expected to be listed on Nasdaq under the symbol “USDE” at closing.
Perkins Coie also advised TLGY in connection with its related $363 million private investment in public equity (PIPE) financing from leading crypto and other investors. For more information, please see TLGY’s press release here.
The Perkins Coie advisory team was led by Corporate Law partner Elliott Smith and included counsels Sarah Ross and Jordan Leon along with associate Danielle Buckles. The team also included Tax Law partner Bryan Smith and counsel Minkeun Woo, as well as Mergers & Acquisitions counsel Numaan Deen.
