UY Scuti Acquisition Secures Extension Loan for Merger

UY Scuti Acquisition Corp. ( (UYSC) ) has issued an announcement.

UY Scuti Acquisition Corp. disclosed that, effective March 31, 2026, it received a $450,000 loan from Sun Peisha, the designee of its sponsor, UY Scuti Investments Limited, which was deposited into the SPAC’s trust account. This funding secures the first three‑month extension of the deadline to complete its initial business combination to July 1, 2026, preserving the vehicle’s ability to pursue its planned merger.

On April 25, 2026, the company executed a promissory note dated April 13, 2026, to evidence this First Extension Loan, which is unsecured, bears no interest, and is repayable upon consummation of the merger with Isdera Group Limited and Xinghui Automotive Technology (Hainan) Co., Ltd. At maturity, the $450,000 principal will be converted into units at $10.00 per unit, aligning the lender’s recovery with equity-like exposure and minimizing immediate cash outflows as the SPAC advances its transaction timeline.

More about UY Scuti Acquisition Corp.

UY Scuti Acquisition Corp. is a special purpose acquisition company (SPAC) focused on consummating an initial business combination, with its capital held in a dedicated trust account established in connection with its initial public offering. The company is currently pursuing a merger with Isdera Group Limited and Xinghui Automotive Technology (Hainan) Co., Ltd. under an Agreement and Plan of Merger dated July 18, 2025.

Average Trading Volume: 21,411

Technical Sentiment Signal: Strong Buy

Current Market Cap: $80.99M

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