secwatch.observer — SEC 8-K summary
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Issuer:     UY Scuti Acquisition Corp. (UYSC)
CIK:        0002036973
Form:       8-K
Filed at:   2026-10-23T10:00:29+00:00
Accession:  0001185185-26-004933
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2036973/000118518526004933/0001185185-26-004933-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2036973/000118518526004933/uysc8k425102226.htm
  HTML page:      https://secwatch.observer/filing/0001185185-26-004933

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