UY Scuti Acquisition Corp. (UYSC): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.98

UY Scuti Acquisition Corp. incurred loan of up to $1,000,000 with UY Scuti Investments Limited at no interest maturing the earlier of: (i) March 31, 2026 or (ii) the date on which Maker consummates a business combination.

Instrument: loan
Principal: up to $1,000,000
Counterparty: UY Scuti Investments Limited
Rate: no interest
Maturity: the earlier of: (i) March 31, 2026 or (ii) the date on which Maker consummates a business combination
Event: incurrence

Exact text from the filing

On September 12, 2025, UY Scuti Acquisition Corp. (the "Company") issued an unsecured promissory note (the "Note") in the principal amount of up to $1,000,000 to UY Scuti Investments Limited ("Sponsor").

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UY Scuti Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001185185-25-001216

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