UY Scuti Acquisition Corp.: records $450,000 loan to trust

What happened

• The filing reports that on Jul 18, 2025 the company entered into an Agreement and Plan of Merger with Isdera Group Limited related to a business combination involving Xinghui Automotive Technology (Hainan) Co., Ltd. The merger contemplated forming Isdera Inc and Isdera Technology Limited as Cayman Islands subsidiaries.
• The filing reports that on Sep 22, 2026 the parties entered into a joinder agreement and the first amendment to the Merger Agreement.
• The filing reports that on Sep 30, 2026 the company caused $450,000 to be deposited into the trust account to extend the time to consummate an initial business combination; the $450,000 was loaned to the company by Isdera HK Limited, an affiliate of Isdera Group. The company expects to issue a promissory note to the lender and will file a copy of the note as an exhibit to a Current Report on Form 8-K.

Key details

• $450,000 was deposited into the trust account on Sep 30, 2026 to extend the time to consummate an initial business combination.
• The loaning party is Isdera HK Limited, an affiliate of Isdera Group Limited.
• The original Merger Agreement was entered into on Jul 18, 2025; Isdera Inc and Isdera Technology Limited became parties by joinder on Sep 22, 2026.
• The company expects to issue a promissory note for the $450,000 loan and to file the note as an exhibit to a Form 8-K.

Why it may matter

• Item 2.03 was reported (creation of a direct financial obligation) because the $450,000 was loaned to the company and the company expects to issue a promissory note for that loan. Item 8.01 was reported (other events) noting that the $450,000 deposit was made to extend the time to consummate an initial business combination.
• The filing does not show why the insider traded or why the company acted.