UYSC deposits $450,000 in trust, extends business combination deadline to Jan 1, 2027

UY Scuti Acquisition Corp.

UYSC deposited $450,000 into its trust account on Sept. 30, 2026, extending its initial business combination deadline from Oct. 1, 2026 to Jan. 1, 2027.
The $450,000 extension payment was loaned by Isdera HK Limited, an affiliate of Isdera Group, and UYSC expects to issue a promissory note to the lender.
On Sept. 22, 2026, UYSC and Isdera parties signed a joinder and First Amendment to the July 18, 2025 merger agreement involving Xinghui Automotive Technology.
The extension is the third three-month extension period under UYSC's Second Amended and Restated Memorandum and Articles and Investment Management Trust Agreement.
The merger would make Isdera Group Limited the parent of Xinghui Automotive Technology, with Isdera Inc and Isdera Technology Limited as Cayman Islands entities.

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