secwatch.observer — SEC 8-K summary
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Issuer:     UY Scuti Acquisition Corp. (UYSC)
CIK:        0002036973
Form:       8-K
Filed at:   2025-04-08T23:59:59+00:00
Accession:  0001829126-25-002474
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UY Scuti Acquisition Corp completes $50M IPO, deposits $53.6M in trust
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- IPO of 5M units at $10/unit closed April 1, gross proceeds $50M; 357,622 over-allotment units sold April 7 for $3.58M.
- Private placement of 227,500 units to sponsor at $10/unit raised $2.275M (incl. $275k debt cancellation); additional 6,258 units at $62.6k.
- Total trust deposit $53.58M as of April 7; balance sheet shows $50.8M assets, $45.3M redeemable shares, $5.38M equity.
- Going concern: company must complete business combination by April 1, 2026 (or up to Oct 1, 2026 with two 3-month extensions) or liquidate.
- Underwriters have remaining over-allotment option for 392,378 units at $10; sponsor may fund $0.10/share per extension period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2036973/000182912625002474/0001829126-25-002474-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2036973/000182912625002474/uyscuti_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-002474

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