UY Scuti Acquisition Corp. completes $50M IPO; units trade on Nasdaq under UYSCU

UY Scuti Acquisition Corp.

Priced 5,000,000 units at $10/unit, generating $50M gross proceeds; underwriters have 45-day over-allotment option of up to 750,000 additional units.
Each unit consists of one ordinary share ($0.0001 par) and one right to receive one-fifth of an ordinary share upon initial business combination.
Sponsor purchased 227,500 private placement units at $10/unit, yielding $2.275M (including $275,000 debt conversion); locked up until business combination.
$50M from IPO and private placement deposited into trust account, held until business combination or redemption (12-18 month deadline).
Maxim Group LLC acted as sole book-running manager; units began trading on Nasdaq Capital Market on March 31, 2025.

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Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

UY Scuti Acquisition Corp.: Adopted Second Amended and Restated Memorandum and Articles of Association in connection with IPO (effective 2025-03-31).

Change: charter amendment
Effective: 2025-03-31

Exact text from the filing

On March 31, 2025, in connection with the IPO, the Company adopted its Second Amended and Restated Memorandum and Articles of Association (the “Amended Charter”), effective the same day.

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UY Scuti Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001829126-25-002386

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