EX-99.1 2 uyscuti_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 UY Scuti Acquisition Corp. Announces the Separate Trading of its Ordinary Shares and Rights NEW YORK, May 21, 2025 - UY Scuti Acquisition Corp. (Nasdaq: UYSCU) (the “Company”) announced today that, commencing Tuesday, May 27, 2025, holders of the units sold in the Company’s initial public offering of 5,750,000 units (“Units”) may commence separate trading of the underlying component securities. Each Unit consists of one ordinary share, par value $0.0001 per ordinary share (“Share”), and one right to receive one-fifth (1/5th) of one Share upon the consummation of the Company’s initial business combination (“Right”). Those units not separated will continue to trade on the Nasdaq Capital Market (“Nasdaq”) under the symbol “UYSCU.” The Shares and the Rights that are separated will trade on Nasdaq under the symbols “UYSC” and “UYSCR” respectively. Holders of units will need to have their securities brokers contact Continental Stock Transfer & Trust Company at 1 State Street, 30th Floor, New York, New York 10004, the Company’s transfer agent, in order to separate the Units into Shares and Rights. The Units were initially offe…
Open exhibit ↗Current Report · Items 8.01, 9.01 · 8-K
UY Scuti Acquisition Corp.
UYSCNASDAQEQUITYCurrent
Other Events
Item 8.01. Other Events. On Wednesday, May 21, 2025, UY Scuti Acquisition Corp. (the “Company”) announced that holders of the units sold in the Company’s initial public offering (the “Units”) may elect to separately trade the ordinary shares, par value $0.0001 per share (the “Ordinary Shares”) and rights (the “Rights”) included in the Units, with such trading to commence on May 27, 2025.…
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.