Summary of UY Scuti Acquisition Corporation

Company Overview

• Type: Blank check company (Special Purpose Acquisition Company - SPAC)
• Jurisdiction: Cayman Islands (exempted company)
• Inception Date: January 18, 2024
• Purpose: To effectuate a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more target businesses.

Operations and Business Activity

• Current Activity (as of March 31, 2025):
  • No operations or revenues have been generated.
  • All activity has been organizational, including formation and the initial public offering (IPO).
  • The company is actively searching for an initial business combination target.
• Business Strategy:
  • Focus on identifying target businesses mainly in industries offering growth potential.
  • Does not restrict search geographically, but efforts have been primarily organizational.
  • Aims to leverage management’s depth of experience in operating and financing businesses.
  • Intends to pursue a business combination with a company valued between $200 million and $400 million.
  • Focus on middle-market growth businesses with potential for revenue and earnings growth, strong management teams, and strong free cash flow potential.
  • Will seek companies that benefit from being publicly traded, such as broader capital access and enhanced profile.

Capital Structure and Financial Position

• Initial Capital:
  • Founder Shares: 1,437,500 shares purchased at approximately $0.02 per share ($25,000 total).
  • IPO and Units Sold: 5,750,000 units at $10.00 per unit, total proceeds of $57,500,000.
  • Private Placement: 240,848 units sold to sponsor at $10.00 each, total proceeds of $2,408,480.
• Funds in Trust: Approximately $57,500,000 (as of March 31, 2025, in trust, based on IPO proceeds, before fees and expenses).
• Current Financials (as of March 31, 2025):
  • Cash and cash equivalents: $17,221
  • Working capital deficit: $138,268
  • Shareholders’ deficit: $163,268
  • Net loss for the year: $156,520
  • Operating cash flow: -$203,779

Management and Personnel

• Number of Employees: Three executive officers.
• Management Focus: Devoting necessary time until a target is identified and a deal is completed.

Business Activities and Use of Funds

• No revenues or operations have occurred yet.
• The company deposits the proceeds from IPO and private placement into a trust account.
• Intends to use trust account funds, including earned interest, to complete its initial business combination.
• The company is also exploring alternative financing options, but no third-party financing has been secured.

Market and Trading

• Listing: Units listed on Nasdaq under symbol UYSCU; ordinary shares under UYSC; rights under UYSCR.
• Timing: Units began trading on March 31, 2025; shares separated and started trading on May 27, 2025.
• Shares Outstanding: 7,658,348 shares as of June 26, 2025.

Key Details

• The company is an "emerging growth company" and a "smaller reporting company."
• No current revenue, no significant operations, and is solely engaged in organizational activities and searches for a business combination target.
• No substantive legal or operational risks have been reported as of the date.