UY Scuti issues $900K Isdera HK note and up-to-$200K Xinghui note as SPAC deadline extends to Jan 1, 2027

UY Scuti Acquisition Corp.

$900,000 unsecured note to Isdera HK evidences two $450,000 loans (June 30 and Sept 30, 2026) deposited into UYSC's trust account to extend the deal deadline to Jan 1, 2027.
Separate note to Xinghui Automotive Technology (Hainan) Co., Ltd. for up to $200,000 of transaction costs; $135,154 was outstanding at issuance on October 22, 2026.
Both notes bear no interest and come due on consummation of the business combination; principal converts at $10.00 per unit (one ordinary share plus one right to 1/5 share).
Conversion right terminates if the holder becomes a subsidiary of Isdera Inc at closing, with principal then settled in cash, intercompany set-off or another intercompany mechanism.
Merger Agreement with Isdera Group dated July 18, 2025 was joined and amended on September 22, 2026, adding Isdera Inc and Isdera Technology Limited as parties.

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