secwatch.observer — SEC 8-K summary
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Issuer:     UY Scuti Acquisition Corp. (UYSC)
CIK:        0002036973
Form:       8-K
Filed at:   2025-04-04T23:59:59+00:00
Accession:  0001829126-25-002386
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 3.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2036973/000182912625002386/0001829126-25-002386-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2036973/000182912625002386/uyscuti_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-002386

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