UY Scuti Acquisition Corp.
UYSC
NASDAQ Global Select10.69
USD
-0.01
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UY Scuti Acquisition Corp.
UYSC
(NASDAQ Global Select)
Recent
price
10.69
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- UY Scuti Acquisition Corp. (NASDAQ: UYSC) operates as a blank check company whose sole purpose focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or assets; it currently conducts no significant operations. Incorporated in 2024 under the laws of the Cayman Islands and headquartered at 39 E Broadway, Suite 603, New York, New York 10002, United States, the company targets acquisition opportunities primarily in Asia, including the People's Republic of China, Hong Kong, and Macau. Jialuan Ma serves as Chief Executive Officer and Director, with Shaokang Lu as Chief Financial Officer and Jiawen Zhao as Chief Investment Officer and Director. The company completed its initial public offering of 5 million units at $10.00 each in March 2025, raising $50 million before underwriter option, with units initially trading as UYSCU and ordinary shares and rights separating under UYSC and UYSCR symbols, respectively; its trust currently holds approximately $77.7 million. In July 2025, UY Scuti entered into a definitive merger agreement with Isdera Group Limited, a Chinese automotive design company, under which UYSC merges with a newly formed subsidiary Isdera Inc., which concurrently merges with Isdera Group, positioning Isdera Inc. as the surviving publicly listed Nasdaq entity subject to shareholder approvals, SEC registration effectiveness, Nasdaq listing approval, and other customary closing conditions. This pending de-SPAC transaction, unanimously approved by both boards, represents the company's principal strategic development in 2025 and involves lock-up agreements for certain Isdera shareholders post-closing.