debt
confidence high
sentiment neutral
materiality 0.50
UY Scuti Acquisition Corp. (UYSC): debt financing — UY Scuti Acquisition Corp. enters $450K promissory note for business combination extension
UY Scuti Acquisition Corp.
- Promissory note dated April 13, 2026, executed on April 25, 2026 for $450,000 from sponsor designee Sun Peisha.
- Proceeds deposited into trust to extend the deadline to consummate a business combination to July 1, 2026.
- Note is unsecured, bears no interest, and convertible into units at $10 per unit upon merger consummation.
- If no business combination occurs, the note will be forgiven and no repayment required.