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UY Scuti Acquisition Corp.
UY Scuti Acquisition Corp. extended its business combination deadline to January 1, 2027, by securing a $900,000 loan from Isdera HK Limited. Additionally, the company issued a promissory note of up to $200,000 to Xinghui Automotive Technology to fund transaction costs, with $135,154 currently outstanding.…more
UY Scuti Acquisition Corp.
UY Scuti Acquisition Corp. issued an unsecured promissory note of $900,000 to Isdera HK Limited and an additional note of up to $200,000 to Xinghui Automotive Technology to facilitate its pending business combination. These notes are payable upon the closing of the merger or convertible into company units at $10.00 per unit, provided that conversion rights terminate if the holder becomes a subsidiary of the post-merger entity.…more
UY Scuti Acquisition Corp.
UY Scuti Acquisition Corp. deposited $450,000 into its trust account to extend the deadline for completing its initial business combination. This action extends the deadline from October 1, 2026, to January 1, 2027.…more
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UY Scuti Amends Merger Agreement with Isdera Group, Sets Net Value at $920M…more
UY Scuti Acquisition Corp has amended its merger agreement with Isdera Group, revising the company's net value to $920 million. The parties also executed a joinder agreement to include new corporate entities in the merger process.…more