UY Scuti Issues $900,000 Interest-Free Note to Isdera HK for Business Combination Extensions

Bitget2026/10/23 10:04

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UY Scuti Acquisition issued a $900,000 promissory note to Isdera HK on October 22, 2026, documenting two extension loans.
The loans funded trust account deposits extending the business combination deadline to January 1, 2027.
A separate promissory note provides up to $200,000 from Xinghui Automotive Technology for transaction costs; $135,154 was outstanding at issuance.
Both promissory notes are unsecured, bear no interest and mature upon completion of the proposed business combination.
Principal is convertible into units at $10 per unit, unless holders become Purchaser subsidiaries, requiring cash repayment or intercompany settlement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UY Scuti Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001185185-26-004933), on October 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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UY Scuti Issues $900,000 Interest-Free Note to Isdera HK for Business Combination Extensions

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