UY Scuti Acquisition Corp. extended its deadline to complete a business combination to January 1, 2027, after depositing $450,000 into its trust account on September 30, 2026. The payment, which secures the third three-month extension period, was loaned by Isdera HK Limited, an affiliate of Isdera Group Limited, the target company in the pending merger.
The extension moves the original October 1, 2026, deadline forward by three months. The company stated that the $450,000 deposit was made pursuant to its Second Amended and Restated Memorandum and Articles of Association and the Investment Management Trust Agreement. UYSC expects to issue a promissory note to Isdera HK Limited for the loan and will file a copy of the note as an exhibit to a future Current Report on Form 8-K.
This financial obligation is part of the broader transaction between UYSC and Isdera Group Limited. The two companies entered into an Agreement and Plan of Merger on July 18, 2025. Under that agreement, Isdera Group Limited is set to become the parent company of Xinghui Automotive Technology (Hainan) Co., Ltd. The merger structure involves the formation of two Cayman Islands subsidiaries by UYSC: Isdera, Inc., designated as the Purchaser, and Isdera Technology Limited, designated as the Merger Sub.
On September 22, 2026, UYSC, Isdera Inc., Isdera Technology Limited, Isdera Group, and the principal shareholders of Xinghui Automotive Technology signed a joinder agreement. This document formally added Isdera Inc. and Isdera Technology Limited as parties to the Merger Agreement. On the same date, the parties executed the First Amendment to the Merger Agreement.
UYSC is listed on The Nasdaq Stock Market LLC under the ticker symbols UYSCU for units, UYSC for ordinary shares, and UYSCR for rights. The company is incorporated in the Cayman Islands and has designated itself as an emerging growth company. The principal executive offices are located at 39 E. Broadway, Suite 603, New York, New York.
The company filed this Form 8-K to report the creation of a direct financial obligation under Item 2.03. The filing also includes notices regarding the upcoming proxy statement and registration statement for the business combination. Isdera, Inc., and Isdera Group Limited are expected to file a registration statement on Form F-4 or Form S-4 with the Securities and Exchange Commission. This document will contain a proxy statement and preliminary prospectus detailing the transaction terms for shareholders.
Shareholders of UY Scuti Acquisition Corp. will receive this proxy statement and prospectus promptly after the registration statement is declared effective. The materials will be sent to shareholders entitled to vote at the special meeting regarding the transaction. The company urges investors to read these documents before making voting decisions, as they contain material information about UYSC, Isdera Group Limited, and the proposed merger.
The registration statement and proxy materials will be available without charge from UYSC or on the SEC's website at www.sec.gov. Participants in the solicitation of proxies may include directors, executive officers, and employees of UYSC and Isdera Group Limited. Information regarding their ownership of ordinary shares is available in UYSC's initial public offering prospectus dated March 31, 2025, its Annual Report on Form 10-K for the fiscal year ended March 31, 2026, and subsequent Form 3 or Form 4 filings.