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An announcement from UY Scuti Acquisition Corp. ( (UYSC) ) is now available.
On September 12, 2025, UY Scuti Acquisition Corp. issued an unsecured promissory note for up to $1,000,000 to UY Scuti Investments Limited. The note, which bears no interest, is set to mature on March 31, 2026, or upon the consummation of a business combination, whichever comes first. The sponsor has the option to convert the note into the company’s securities at a price of $10.00 per unit, with each unit comprising one ordinary share and a right to receive one-fifth of one ordinary share. This financial maneuver is intended to provide the company with flexibility in its capital structure as it seeks potential business combinations.
More about UY Scuti Acquisition Corp.
Average Trading Volume: 26,306
Find detailed analytics on UYSC stock on TipRanks’ Stock Analysis page.