UY Scuti Acquisition Corp. Announces the Separate Trading of its Ordinary Shares and Rights

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UY Scuti Acquisition Corp. (Nasdaq: UYSCU) announced that starting May 27, 2025, holders of its 5,750,000 units can begin separate trading of the underlying securities. Each unit consists of one ordinary share (par value $0.0001) and one right to receive one-fifth of a share upon completing an initial business combination. The separated components will trade under symbols "UYSC" (shares) and "UYSCR" (rights) on Nasdaq, while unseparated units continue trading as "UYSCU". The company is a Cayman Islands-based blank check company formed to effect mergers, acquisitions, or similar business combinations. Maxim Group LLC served as the sole book runner for the initial offering.

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NEW YORK, May 21, 2025 /PRNewswire/ -- UY Scuti Acquisition Corp. (Nasdaq: UYSCU) (the "Company") announced today that, commencing Tuesday, May 27, 2025, holders of the units sold in the Company's initial public offering of 5,750,000 units ("Units") may commence separate trading of the underlying component securities. Each Unit consists of one ordinary share, par value $0.0001 per ordinary share ("Share"), and one right to receive one-fifth (1/5^th) of one Share upon the consummation of the Company's initial business combination ("Right"). Those units not separated will continue to trade on the Nasdaq Capital Market ("Nasdaq") under the symbol "UYSCU."

The Shares and the Rights that are separated will trade on Nasdaq under the symbols "UYSC" and "UYSCR" respectively. Holders of units will need to have their securities brokers contact Continental Stock Transfer & Trust Company at 1 State Street, 30^th Floor, New York, New York 10004, the Company's transfer agent, in order to separate the Units into Shares and Rights.

The Units were initially offered by the Company in an underwritten offering through Maxim Group LLC, which acted as the sole book runner for the offering and as the representative of the underwriters in the offering. A registration statement on form S-1 relating to these securities (Sec File Number 333-284815) was declared effective by the Securities and Exchange Commission on March 31, 2025. Copies of the registration statement can be accessed through the SEC's website at www.sec.gov.

UY Scuti Acquisition Corp.

UY Scuti Acquisition Corp. is a blank check company formed under the laws of the Cayman Islands for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Forward Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including those with respect to the Company's search for an initial business combination, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements, including those set forth in the Risk Factors section of the Company's registration statement and final prospectus for the Company's initial public offering filed with the SEC. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.

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SOURCE UY Scuti Acquisition Corp.

FAQ

What are the new trading symbols for UY Scuti Acquisition Corp's separated securities?

The ordinary shares will trade under 'UYSC' and the rights under 'UYSCR' on Nasdaq, while unseparated units continue trading as 'UYSCU'.

When will UY Scuti Acquisition Corp's units begin trading separately?

The separate trading of ordinary shares and rights will commence on Tuesday, May 27, 2025.

How many units were sold in UY Scuti Acquisition Corp's initial public offering?

The company sold 5,750,000 units in its initial public offering.

What is the structure of UY Scuti Acquisition Corp's units?

Each unit consists of one ordinary share (par value $0.0001) and one right to receive one-fifth of a share upon completion of an initial business combination.

What is the purpose of UY Scuti Acquisition Corp?

It is a blank check company formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.