UY Scuti Acquisition Corp. Reports Financial Results and IPO Developments

**UY Scuti Acquisition Corp. Reports Financial Results and Strategic Developments Following IPO**

UY Scuti Acquisition Corp., a Cayman Islands exempted company, filed its annual report on Form 10-K, detailing its financial performance and strategic initiatives following its initial public offering (IPO). The company, formed on January 18, 2024, is a blank check company established to pursue a merger, share exchange, asset acquisition, or similar business combination. As of March 31, 2025, UY Scuti Acquisition Corp. had no revenue and a net loss of $156,520, primarily due to formation and operating costs.

The company successfully completed its IPO on April 1, 2025, selling 5,750,000 units at $10.00 per unit, generating gross proceeds of $57.5 million. Each unit consists of one ordinary share and one right to receive one-fifth of one ordinary share upon the consummation of an initial business combination. Simultaneously with the IPO, the company completed a private placement with its sponsor, UY Scuti Investments Limited, issuing 240,848 units at $10.00 per unit, resulting in gross proceeds of $2.4 million. The net proceeds from the IPO and private placement, totaling $57.5 million, were placed in a trust account with Continental Stock Transfer & Trust Company for the benefit of the company's public shareholders.

UY Scuti Acquisition Corp. is actively seeking a target business for its initial business combination, focusing on middle-market growth businesses with an enterprise value between $200 million and $400 million. The company's strategy involves leveraging its management team's experience in operating and financing businesses to improve operational efficiency and scale revenue. While the company's search is not limited to any specific geographic region, it expects to focus on industries where its management team's expertise will provide a competitive advantage. The company's management team has developed a broad network of contacts and corporate relationships, which it believes will provide an important source of business combination opportunities.

The company's ability to complete its initial business combination is subject to several risks, including competition from other special purpose acquisition companies, the availability of attractive targets, and the potential for regulatory challenges. The company has 12 months from the closing of the IPO to consummate its initial business combination, with a possible extension of up to 6 months, subject to the sponsor depositing additional funds into the trust account. If the company is unable to complete its initial business combination within the applicable time period, it will redeem the public shares for a pro rata portion of the funds held in the trust account and liquidate. The company's securities are listed on the Nasdaq Capital Market under the symbols "UYSCU" (units), "UYSC" (ordinary shares), and "UYSCR" (rights).