Isdera Group Limited Announces Entering into a Merger Agreement with UY Scuti Acquisition Corp.
Isdera Group Limited has announced a significant merger agreement with UY Scuti Acquisition Corp. (NASDAQ: UYSC). The transaction involves a complex business combination where UYSC will merge with Isdera Inc, and Isdera Technology Limited will merge with Isdera Group, resulting in Isdera Group becoming a wholly-owned subsidiary of Isdera Inc.
Isdera Group is an industrial automotive enterprise based in China that owns the iconic German supercar brand ISDERA. The company focuses on ultra-luxury supercars, with plans to expand into both combustion-engine and electric vehicle segments. The combined company expects to list on the Nasdaq Capital Market under a new ticker symbol following the transaction's completion.
The merger agreement includes a 180-day lock-up period for certain Isdera Group shareholders and requires various approvals, including regulatory clearance, shareholder approval, and SEC registration effectiveness.
Isdera Group Limited ha annunciato un importante accordo di fusione con UY Scuti Acquisition Corp. (NASDAQ: UYSC). L'operazione prevede una complessa combinazione aziendale in cui UYSC si fonderà con Isdera Inc, mentre Isdera Technology Limited si unirà a Isdera Group, portando Isdera Group a diventare una controllata al 100% di Isdera Inc.
Isdera Group è un'impresa automobilistica industriale con sede in Cina, proprietaria del celebre marchio tedesco di supercar ISDERA. L'azienda si concentra su supercar ultra-lusso, con piani di espansione sia nel segmento dei motori a combustione che in quello dei veicoli elettrici. La società risultante prevede di quotarsi sul Nasdaq Capital Market con un nuovo simbolo ticker al completamento della transazione.
L'accordo di fusione prevede un periodo di lock-up di 180 giorni per alcuni azionisti di Isdera Group e richiede diverse approvazioni, tra cui l'ok normativo, il consenso degli azionisti e l'efficacia della registrazione presso la SEC.
Isdera Group Limited ha anunciado un importante acuerdo de fusión con UY Scuti Acquisition Corp. (NASDAQ: UYSC). La transacción implica una compleja combinación empresarial donde UYSC se fusionará con Isdera Inc, y Isdera Technology Limited se fusionará con Isdera Group, resultando en que Isdera Group se convierta en una subsidiaria de propiedad total de Isdera Inc.
Isdera Group es una empresa automotriz industrial con sede en China que posee la emblemática marca alemana de supercoches ISDERA. La compañía se enfoca en supercoches ultra lujosos, con planes de expandirse en los segmentos de vehículos con motor de combustión y eléctricos. La compañía combinada espera cotizar en el Nasdaq Capital Market bajo un nuevo símbolo bursátil tras la finalización de la transacción.
El acuerdo de fusión incluye un período de bloqueo de 180 días para ciertos accionistas de Isdera Group y requiere diversas aprobaciones, incluyendo la autorización regulatoria, la aprobación de los accionistas y la efectividad del registro ante la SEC.
Isdera Group Limited가 UY Scuti Acquisition Corp. (NASDAQ: UYSC)와 중요한 합병 계약을 발표했습니다. 이번 거래는 UYSC가 Isdera Inc와 합병하고 Isdera Technology Limited가 Isdera Group과 합병하는 복합적인 사업 결합으로, 결과적으로 Isdera Group이 Isdera Inc의 완전 자회사가 됩니다.
Isdera Group은 중국에 본사를 둔 산업 자동차 기업으로, 독일의 상징적인 슈퍼카 브랜드 ISDERA를 소유하고 있습니다. 이 회사는 초고급 슈퍼카에 집중하며, 내연기관과 전기차 부문 모두로 확장할 계획입니다. 합병 후 회사는 거래 완료 후 Nasdaq Capital Market에 새로운 티커 심볼로 상장할 예정입니다.
합병 계약에는 일부 Isdera Group 주주에 대한 180일 락업 기간이 포함되며, 규제 승인, 주주 승인, SEC 등록 효력 발생 등 여러 승인 절차가 필요합니다.
Isdera Group Limited a annoncé un accord de fusion important avec UY Scuti Acquisition Corp. (NASDAQ: UYSC). La transaction implique une combinaison d'entreprises complexe où UYSC fusionnera avec Isdera Inc, et Isdera Technology Limited fusionnera avec Isdera Group, faisant d'Isdera Group une filiale à part entière d'Isdera Inc.
Isdera Group est une entreprise industrielle automobile basée en Chine, propriétaire de la marque emblématique allemande de supercars ISDERA. La société se concentre sur les supercars ultra-luxueuses, avec des projets d'expansion dans les segments des moteurs à combustion et des véhicules électriques. La société fusionnée prévoit de s'introduire sur le Nasdaq Capital Market sous un nouveau symbole boursier après la finalisation de la transaction.
L'accord de fusion comprend une période de blocage de 180 jours pour certains actionnaires d'Isdera Group et nécessite diverses approbations, notamment l'autorisation réglementaire, l'approbation des actionnaires et l'efficacité de l'enregistrement auprès de la SEC.
Isdera Group Limited hat eine bedeutende Fusionsvereinbarung mit UY Scuti Acquisition Corp. (NASDAQ: UYSC) angekündigt. Die Transaktion umfasst eine komplexe Unternehmenszusammenführung, bei der UYSC mit Isdera Inc fusioniert und Isdera Technology Limited mit Isdera Group verschmolzen wird, wodurch Isdera Group eine hundertprozentige Tochtergesellschaft von Isdera Inc wird.
Isdera Group ist ein industrielles Automobilunternehmen mit Sitz in China, das die ikonische deutsche Supercar-Marke ISDERA besitzt. Das Unternehmen konzentriert sich auf ultra-luxuriöse Supersportwagen und plant eine Expansion sowohl im Bereich der Verbrennungsmotoren als auch bei Elektrofahrzeugen. Das fusionierte Unternehmen plant, nach Abschluss der Transaktion unter einem neuen Börsenticker am Nasdaq Capital Market gelistet zu werden.
Die Fusionsvereinbarung beinhaltet eine 180-tägige Sperrfrist für bestimmte Aktionäre von Isdera Group und erfordert verschiedene Genehmigungen, darunter behördliche Freigaben, Aktionärszustimmungen und die Wirksamkeit der SEC-Registrierung.
- Acquisition of iconic German luxury brand ISDERA provides established market presence
- Strategic expansion into both combustion-engine and electric supercar segments
- Access to high-growth and high-margin supercar market
- Potential uplisting to Nasdaq provides increased visibility and liquidity
- Complex merger structure may present integration challenges
- Multiple regulatory and shareholder approvals required for completion
- Lock-up period may temporarily restrict share liquidity
- Significant execution risk in transforming and revitalizing the ISDERA brand
Insights
Isdera Group's SPAC merger provides a path to public markets for this luxury supercar company, though details on valuation remain undisclosed.
This announcement outlines a standard SPAC merger structure where UY Scuti Acquisition Corp (UYSC) will combine with Isdera Group Limited, providing Isdera a path to become publicly traded on Nasdaq. The transaction involves a somewhat complex structure with multiple entities, but follows typical SPAC mechanics where existing Isdera shareholders will receive shares in the new public entity.
Isdera Group itself appears to be an interesting target - a Chinese-headquartered automotive enterprise that acquired the German luxury supercar brand ISDERA. The company is positioning itself in the high-growth, high-margin supercar market, with plans to develop both traditional combustion and electric vehicles.
Notably absent from this announcement are key financial details typically found in SPAC merger announcements: no enterprise valuation, no PIPE financing mentioned, and no information about cash proceeds or expected balance sheet. This lack of financial transparency makes it impossible to assess the economics of the deal.
The deal has received board approval from both companies but still requires regulatory clearances, SEC review, and shareholder approvals. The standard 180-day lockup for existing shareholders is in place. The involvement of multiple law firms across jurisdictions (US, China, Cayman Islands) reflects the cross-border complexity of this transaction.
While SPACs have faced challenges in recent years, this transaction could potentially benefit Isdera by providing capital access and liquidity, though investors will need significantly more financial information to properly evaluate this opportunity.
Upon consummation of the transaction contemplated by the Merger Agreement, (i) UYSC will be merged with and into Isdera Inc, a company to be formed in the Cayman Islands as an exempted company and wholly-owned subsidiary of UYSC (the "SPAC Merger"), and (ii) concurrently with the SPAC Merger, Isdera Technology Limited, a company to be formed in the
Isdera Group Overview
Isdera Group is an industrial automotive enterprise with global ambitions. Headquartered in
Key Transaction Terms
Under the terms of the Merger Agreement, UYSC will merge with and into its own wholly owned subsidiary, Isdera Inc, which will become a publicly listed entity and its wholly owned subsidiary, Isdera Technology Limited, shall merge with Isdera Group Limited, with Isdera Group Limited being the surviving company with the end result being Isdera Inc as the publicly listed company on Nasdaq. At the effective time of the Transaction, Isdera Group Limited's shareholders will receive ordinary shares of Isdera Inc. The shares held by certain Isdera Group Limited shareholders will be subject to lock-up agreements for a period of 180 days following the closing of the Transaction, subject to certain exceptions. Upon closing of the Business Combination, the security holders of UYSC will be entitled to receive ordinary shares of Isdera Inc.
The Transaction, which has been unanimously approved by both UYSC and Isdera Group Limited's board of directors, is subject to regulatory approvals, the approvals by the shareholders of UYSC and Isdera Group Limited, respectively, as well as the satisfaction of certain other customary closing conditions, including, among others, a registration statement, of which the proxy statement/prospectus forms a part, being declared effective by the
The description of the Business Combination contained herein is only a summary and is qualified in its entirety by reference to the Merger Agreement relating to the Business Combination. A more detailed description of the Transaction and a copy of the Merger Agreement will be included in a Current Report on Form 8-K to be filed by UYSC with the SEC and will be available on the SEC's website at www.sec.gov.
Advisors
Torres & Zheng at Law, P.C., JunHe LLP, and Harney Westwood & Riegels are serving as legal advisors to Isdera Group. Becker & Poliakoff P.A., Beijing Dacheng (
About Isdera Group
Isdera Group's operating subsidiary, Xinghui Automotive Technology (also known as "Isdera"), was founded in 2022 in
About UY Scuti Acquisition Corp.
UY Scuti Acquisition Corp. is a blank check company formed under the laws of the
Participants in the Solicitation
Isdera Group Limited, UY Scuti Acquisition Corp., and their respective directors, executive officers and employees and other persons may be deemed to be participants in the solicitation of proxies from the holders of UYSC's ordinary shares in respect of the proposed Transaction. Information about UYSC's directors and executive officers and their ownership of UYSC's ordinary shares is currently set forth in UYSC's prospectus related to its initial public offering dated March 31, 2025, as modified or supplemented by its Annual Report on the Form 10-K for the fiscal year ended March 31, 2025 and any Form 3 or Form 4 filed with the SEC since the date of such filing. Other information regarding the interests of the participants in the proxy solicitation will be included in a registration statement on Form S-4 or F-4 (as may be amended from time to time) that will include a proxy statement and a registration statement/preliminary prospectus (the "Registration Statement") pertaining to the proposed Transaction when it becomes available. These documents can be obtained free of charge from the sources indicated below.
No Offer or Solicitation
This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Transaction and does not constitute an offer to sell or the solicitation of an offer to buy any securities of UYSC or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.
Important Information about the Proposed Business Combination and Where to Find It
In connection with the Transaction, Isdera Inc will file relevant materials with the SEC, including the Registration Statement. Promptly after the Registration Statement is declared effective, the proxy statement/prospectus will be sent to all UYSC shareholders entitled to vote at the special meeting relating to the Transaction. Before making any voting decision, the securities holders of UYSC are urged to read the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the Transaction as they become available because they will contain important information about the Transaction and the parties to the Transaction.
Stockholders will also be able to obtain copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus, and other documents filed or that will be filed with the SEC through UYSC through the website maintained by the SEC at www.sec.gov, or by directing a request to the contacts mentioned below.
Jialuan Ma
Chief Executive Officer and Director
UY Scuti Acquisition Corp.
Tel: +(412) 947-0514
Isdera Group Limited
Director
Wenfang Song
Email: franz.song@isdera.com
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. UYSC's and Isdera Group Limited's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, UYSC's and Isdera Group Limited's expectations with respect to future performance and anticipated financial impacts of the Business Combination, the satisfaction of the closing conditions to the Business Combination and the timing of the completion of the Business Combination. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside the control of UYSC or Isdera Group Limited and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement relating to the proposed Business Combination; (2) the outcome of any legal proceedings that may be instituted against UYSC or Isdera Group Limited following the announcement of the Merger Agreement and the transactions contemplated therein; (3) the inability to complete the Business Combination, including due to failure to obtain approval of the shareholders of UYSC or other conditions to closing in the Merger Agreement; (4) delays in obtaining or the inability to obtain necessary regulatory approvals (including approval from
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SOURCE UY Scuti Acquisition Corp.
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