UY Scuti secures $1M sponsor note for business combination costs

UY Scuti Acquisition Corp.

Promissory note up to $1M from sponsor UY Scuti Investments, no interest, due March 31, 2026 or upon business combination.
Sponsor may convert outstanding principal into units at $10/unit, identical to IPO private placement units.
Drawdowns for transaction costs; minimum $10K per draw, max aggregate $1M.
Note is unsecured, exempt from registration under Section 4(a)(2) of Securities Act.
Sponsor waives claims against trust account, standard SPAC protection.

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