other material
confidence high
sentiment neutral
materiality 0.60
UY Scuti Acquisition Corp completes IPO and over-allotment, deposits $57.5M in trust
UY Scuti Acquisition Corp.
- Sold 5,750,000 units (including over-allotment) at $10/unit, gross proceeds of $57.5M.
- Sponsor purchased 240,848 private units at $10/unit, generating ~$2.408M inclusive of debt cancellation.
- Net proceeds of $57.5M deposited in trust account for public stockholders as of April 9, 2025.
- Issued 230,000 representative shares to underwriter in connection with IPO and over-allotment.