1 August 2025
Ropes & Gray Advised Ethena Foundation in Connection with de SPAC Transaction of TLGY and StableCoinX, Creating a Dedicated Crypto Treasury Company
Advising firms
Deal team
4 lawyers named| Lawyer | Firm | Seniority | Practice | Office |
|---|---|---|---|---|
| Christopher Capuzzi Lead | Ropes & Gray | Partner | capital markets | Not stated |
| Jackie Cohen | Ropes & Gray | Partner | mergers & acquisitions | Not stated |
| Phil Wu | Ropes & Gray | Associate | capital markets | Not stated |
| Chris Armistead | Ropes & Gray | Associate | mergers & acquisitions | Not stated |
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Stated terms
- Stated value
- USD 360m (approximately $360 million)
- What the figure measures
- Total transaction value
- Client
- Ethena FoundationOther
- Counterparties
- StableCoinX Assets Inc (Other)
TLGY Acquisition Corp (Other)