UY Scuti Acquisition Corp.
Business
UY Scuti Acquisition Corp. is a blank check company formed to effect a merger, share exchange, asset acquisition, or similar business combination with one or more operating businesses. The company has entered into a definitive merger agreement with Isdera Group Limited to acquire an automotive design company operating in China. The company has no current operations or revenues and is seeking to complete its business combination within a specified timeframe.
Summary from 10-K filed 2026-07-14
Financials
Consolidated Statement of Income
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 |
|---|---|---|---|
| Operating expenses | 1 | 156,520 | |
| Loss from Operations | −1 | −156,520 | |
| Other income: | — | — | |
| Interest earned on cash held in Trust Account | 2 | 0 | |
| Income (loss) before income taxes | 783,344 | −156,520 | |
| Income taxes expense | 0 | 0 | |
| Net income (loss) | 783,344 | −156,520 | |
| Other comprehensive income | 0 | 0 | |
| Comprehensive income (loss) | 783,344 | −156,520 | |
| Basic weighted average ordinary shares outstanding (in Shares) | 8 | 1 | |
| Diluted weighted average ordinary shares outstanding (in Shares) | 8 | 1 | |
| Basic net income (loss) per ordinary share (in Dollars per share) | −0.53 | −0.13 | |
| Diluted net income (loss) per ordinary share (in Dollars per share) | −0.53 | −0.13 |
Consolidated Balance Sheet
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 |
|---|---|---|---|
| Assets | — | — | |
| Cash and cash equivalents | 8,846 | 17,221 | |
| Deferred offering costs | 0 | 222,095 | |
| Total Assets | 8,846 | 239,316 | |
| Non-current asset | — | — | |
| Cash held in Trust Account | 60 | 0 | |
| Total non-current Asset | 60 | 0 | |
| Total Assets | 60 | 239,316 | |
| Current Liabilities | — | — | |
| Accrued expenses | 177,544 | 40,000 | |
| Promissory Note - Related party | 313,401 | 337,584 | |
| Extension Payment Loan | 450,000 | 0 | |
| Due to related parties | 120,000 | 0 | |
| Total Current Liabilities | 1 | 377,584 | |
| Commitments and Contingencies – (see Note 6) | 0 | 0 | |
| Ordinary shares subject to possible redemption, 5,750,000 and nil shares issued and outstanding at redemption value of $10.46 and nil as of March 31, 2026 and 2025, respectively. | 60 | 0 | |
| Shareholders’ Deficit | — | — | |
| Preference shares, $0.0001 par value; 10,000,000 shares authorized; nil and nil shares issued and outstanding as of March 31, 2026 and 2025, respectively. | 0 | 0 | |
| Ordinary shares, $0.0001 par value; 490,000,000 shares authorized; 1,908,348 and 1,437,500 shares issued and outstanding (excluding 5,750,000 shares subject to redemption) as of March 31, 2026 and, 2025, respectively*. | 191 | 144 | |
| Additional paid-in capital | 990,836 | 24,856 | |
| Accumulated deficit | −2 | −163,268 | |
| Total Shareholders’ Deficit | −1 | −138,268 | |
| Total Liabilities, Ordinary shares subject to possible redemption and Shareholders’ Deficit | 60 | 239,316 |
Consolidated Statement of Cash Flows
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 |
|---|---|---|---|
| Cash Flows from Operating Activities: | — | — | |
| Net income (loss) | 783,344 | −156,520 | |
| Adjustments to reconcile net cash used in operating activities: | — | — | |
| Formation and operating costs paid by Sponsor | −313,401 | −57,336 | |
| Amortization of prepaid expenses | −485,833 | 0 | |
| Interest earned on investments held in Trust Account | 2 | 0 | |
| Changes in operating assets and liabilities | — | — | |
| Prepaid expenses | 485,833 | 0 | |
| Accrued expenses | 137,544 | 0 | |
| Due to Sponsor | 120,000 | 0 | |
| Net cash used in operating activities | −843,315 | −99,184 | |
| Cash Flows from Investing Activity: | — | — | |
| Investment of cash in trust account | 58 | 0 | |
| Net cash used in investing activity | −58 | 0 | |
| Cash Flows from Financing Activities: | — | — | |
| Proceeds from promissory note payable - related party | 0 | 300,000 | |
| Repayment of promissory note payable - related party | 337,584 | 79,000 | |
| Proceeds from sale of public units through public offerings, net of underwriters’ discount | 56 | 0 | |
| Proceeds from ordinary shares issued in private placement | 2 | 0 | |
| Payment of deferred offering costs | 229,700 | 104,595 | |
| Net cash generated by financing activities | 58 | 116,405 | |
| Net change in cash | −8,375 | 17,221 | |
| Cash at beginning of year | 17,221 | 0 | |
| Cash at end of the year | 8,846 | 17,221 | |
| Supplemental Disclosure of Non-cash Activities | — | — | |
| Initial classification of ordinary shares subject to possible redemption | 5 | 0 | |
| Allocation of offering costs to ordinary shares subject to possible redemption | 306,005 | 0 | |
| Representative shares issued and charged to offering costs | 2 | 0 | |
| Accretion of ordinary shares subject to redemption value | −6 | 0 | |
| Sponsor Subsequent measurement of ordinary shares subject to redemption (additional funding for business combination extension) | 450,000 | 0 | |
| Deferred offering costs included in accrued expenses | 0 | 40,000 | |
| Deferred offering cost paid by Sponsor | 0 | 27,500 | |
| Paid off the advances from Sponsor balance by drawing down on the promissory note | 0 | 89,248 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is UY Scuti Acquisition Corp.'s CIK number?
UY Scuti Acquisition Corp.'s SEC CIK number is 0002036973 (2036973). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find UY Scuti Acquisition Corp.'s SEC filings?
All of UY Scuti Acquisition Corp.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.