StablecoinX Nears Public Listing After 97% Shareholder Approval

Edgen Crypto

·Mar 10 2026, 17:28

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Key Takeaways

StablecoinX Assets Inc. is set to become a publicly-traded company following overwhelming shareholder approval for its merger with TLGY Acquisition Corp. The deal, a Special Purpose Acquisition Company (SPAC) combination, received 97% of votes in favor, clearing the path for the company's public market debut.

Decisive Approval: Shareholders of TLGY Acquisition Corp. approved the business combination with StablecoinX Assets, with approximately 97% of votes cast in favor of the deal.
Path to Public Markets: The successful vote on March 10, 2026, is the final major step before StablecoinX completes its SPAC merger and becomes a publicly-listed entity.
Closing Imminent: The companies announced their intention to complete the business combination as soon as possible, pending the satisfaction of all remaining closing conditions.

Shareholders Approve Merger with 97% Vote

On March 10, 2026, shareholders of TLGY Acquisition Corp. decisively approved the company's proposed business combination with the digital asset firm StablecoinX Assets Inc. During an extraordinary general meeting, the merger and related proposals secured a commanding majority, with approximately 97% of the votes cast in favor. This overwhelming support clears a critical hurdle for the transaction, which the parties now intend to complete as soon as all other closing conditions are met.

StablecoinX on Track for Public Debut via SPAC

The shareholder vote solidifies the path for StablecoinX to enter public markets through a Special Purpose Acquisition Company (SPAC) combination. This alternative to a traditional initial public offering (IPO) provides a more direct route for the company to list its shares on a public exchange. The successful merger is expected to provide StablecoinX with greater access to capital and increased market visibility, offering investors a new, regulated vehicle to gain exposure to the stablecoin sector through traditional equities.