Current Report · Items 3.02, 8.01, 9.01 · 8-K
UY Scuti Acquisition Corp.
UYSCNASDAQEQUITYCurrent
Unregistered Sales of Equity Securities · Other Events
Item 3.02. Unregistered Sales of Equity Securities. The information included in Item 8.01 of this Current Report on Form 8-K is incorporated into this Item by reference.
Filed Apr 8, 2025Accepted Apr 8, 2025, 4:15 PM EDTCIK 2036973Accession 0001829126-25-002474
Company context
We are a blank check company incorporated in the Cayman Islands and formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our business combination. We have not identified any acquisition target and we have not, nor has anyone on our behalf, initiated any discussions, directly or indirectly, to identify any acquisition target. We have not identified any particular geographical area or country in which we may seek a business combination. We expect to encounter intense competition from SPACs and other entities having a business objective similar to ours. Many of our competitors are well-established and have extensive experience in identifying and effecting, directly or indirectly, acquisitions of companies operating in or providing services to various industries. Because there are more SPACs seeking to enter into initial business combinations, the competition for available targets with attractive fundamentals or business models may increase, which could cause target companies to demand improved financial terms.
Current securities
Disclosure sections
Items 3.02, 8.01, 9.01Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 3.02Item 3.02 - Unregistered Sales of Equity
Item 3.02. Unregistered Sales of Equity Securities.
The information included in Item 8.01 of this Current Report on Form
8-K is incorporated into this Item by reference.
Item 8.01Item 8.01 - Other Events
Item 8.01. Other Events.
On April 1, 2025, UY Scuti Acquisition Corp (the “Company”)
consummated its initial public offering (“IPO”) of 5,000,000 units (the “Public Units”). Each Public Unit
consists of one ordinary share of the Company, par value US$0.0001 per share (“Ordinary Share”) and one right to receive one-fifth
(1/5th) of one Ordinary Share upon the consummation of an initial business combination (“Right”). The Public Units
were sold at an offering price of $10.00 per Public Unit, generating gross proceeds of $50,000,000.
Simultaneously with the closing of the IPO on April 1, 2025, the Company
consummated the private placement (“Private Placement”) with UY Scuti Investments Limited, its Sponsor, of 227,500 units (the
“Private Units”) at a price of $10.00 per Private Unit, generating total gross proceeds of $2,275,000, including cancellation
of $275,000 of indebtedness. A total of $50,000,000 of the net proceeds from the IPO and the Private Placement were deposited in a U.S.-based
trust account established for the benefit of the Company’s public stockholders, with Continental Stock Transfer & Trust Company
acting as trustee.
In connection with the IPO, the underwriters were granted a 45-day option (the “Over-Allotment Option”) to purchase up to
750,000 additional units to cover over-allotments (the “Option Units”), if any. On April 7, 2025, the underwriters purchased
an additional 357,622 Option Units pursuant to a partial exercise of the Over-Allotment Option. The Option Units were sold at an offering
price of $10.00 per Unit, generating additional gross proceeds to the Company of $3,576,220. In connection with this sale, the Sponsor
also purchased an additional 6,258 Private Units from the Company for a total purchase price of $62,580, which amount was funded through
the cancellation of indebtedness. The issuance of the additional Private Placement Units was made pursuant to the exemption from registration
contained in Section 4(a)(2) of the Securities Act of 1933, as amended. As of April 7, 2025, an aggregate of $53,576,220 has been deposited
in the trust account established in connection with the IPO.
An audited balance sheet as of April 1, 2025 reflecting the receipt
of the proceeds from the IPO and the Private Placement has been issued by the Company and is included as Exhibit 99.1 to this Current
Report on Form 8-K.
Filed exhibits (1)
EX-99.1 (by filename) uyscuti_ex99-1.htmEX-99.1
2
uyscuti_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
UY SCUTI ACQUISITION CORP.
INDEX TO FINANCIAL STATEMENT
Page
Financial Statement of UY Scuti Acquisition Corp. :
Report of Independent Registered Public Accounting Firm F-2
Balance Sheet as of April 1, 2025 F-3
Notes to Financial Statement F-4
F-1
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Shareholders of
UY Scuti Acquisition Corp.
Opinion on the Financial Statement
We have audited the accompanying balance sheet of UY Scuti Acquisition Corp (the “Company”) as
of April 1, 2025, and the related notes (collectively referred to as the financial statement). In our opinion, the financial statement
presents fairly, in all material respects, the financial position of the Company as of April 1, 2025, in conformity with accounting principles
generally accepted in the United States of America.
Explanatory Paragraph - Going Concern
The accompanying financial statement has
been prepared assuming that the Company will continue as a going concern. As …
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