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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
June 30, 2026
Date of Report (Date of earliest event reported)
UY SCUTI ACQUISITION CORP.
(Exact Name of Registrant as Specified in Charter)
| Cayman Islands |
|
001-42577 |
|
N/A |
(State or Other Jurisdiction
of Incorporation) |
|
(Commission File Number) |
|
(I.R.S. Employer
Identification No.) |
39 E. Broadway, Suite 603
New York, New York 10002
(Address of Principal Executive Offices, and
Zip Code)
(412) 947-0514
Registrant’s Telephone Number, Including
Area Code
Not Applicable
(Former Name or Former Address, if Changed Since
Last Report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
| ☒ |
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
|
| ☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
|
| ☐ |
Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
|
| ☐ |
Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b)
of the Act:
| Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
| Units, each consisting of one Ordinary Share, $0.0001 par value, and one right |
|
UYSCU |
|
The Nasdaq Stock Market LLC |
| Ordinary Shares, $0.0001 par value |
|
UYSC |
|
The Nasdaq Stock Market LLC |
| Rights to receive one-fifth (1/5th) of one Ordinary Share |
|
UYSCR |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the
Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☒
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
As previously disclosed, on July 18, 2025, UY
Scuti Acquisition Corp. (the “Company” or “UYSC”) entered into an Agreement and Plan of Merger (the
“Merger Agreement”) with Isdera Group Limited, a Cayman Islands company (“Isdera Group”), a company
that shall become the parent company of Xinghui Automotive Technology (Hainan) Co., Ltd, (“Xinghui Automotive Technology”),
and Xinghui Automotive Technology’s principal shareholders for a business combination. The Merger Agreement contemplates that (i)
the Company shall form a company in the Cayman Islands as an exempted company and a wholly-owned subsidiary (“Isdera, Inc”
or the “Purchaser”) and (ii) Purchaser shall form a company in the Cayman Islands as an exempted company and a wholly-owned
subsidiary (the “Merger Sub”) for the purposes of consummating the business combination transactions described in the
Merger Agreement. Pursuant to the Merger Agreement, the Company will merge with and into Purchaser, resulting in the Company’s shareholders
becoming shareholders of the Purchaser and concurrently therewith, Merger Sub will merge with and into Isdera Group, with Isdera Group
surviving the merger and resulting in Purchaser acquiring 100% of the issued and outstanding equity securities of Isdera Group (the “Business
Combination”).
On June 30, 2026, the Company caused an aggregate
of $450,000 to be deposited into the trust account (the “Trust Account”) established in connection with the Company’s
initial public offering in order to extend the time that the Company has to consummate an initial business combination. Such deposit was
made pursuant to the Company’s Second Amended and Restated Memorandum and Articles of Association, as amended, and the Investment
Management Trust Agreement, as amended, governing the Trust Account. The $450,000 extension payment 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 with respect to such loan, and
will file a copy of the note as an exhibit to a Current Report on Form 8-K.
Item 8.01 Other Events.
As a result of the deposit of $450,000 to the
Trust Account as described in Item 2.03 of this Current Report on Form 8-K, the Company extended the deadline by which it must consummate
its initial business combination for the second three-month extension period, from July 1, 2026, to October 1, 2026.
IMPORTANT NOTICES
Additional Information and Where to Find It
In connection with the transaction described herein,
Isdera, Inc., a subsidiary of the Company, and Isdera Group Limited will file relevant materials with the SEC, including a registration
statement on Form F-4 or From S-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 such transaction. Promptly after the Registration Statement
is declared effective, the proxy statement/prospectus will be sent to all shareholders of UY Scuti Acquisition Corp. (“UYSC”)
that are entitled to vote at the special meeting relating to the transaction as of a record date to be established for voting at the special
meeting. Before making any voting decision, the shareholders 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. Shareholders will also be able to obtain a copy of the
Registration Statement and proxy statement/prospectus without charge from UYSC. The Registration Statement and proxy statement/prospectus,
once available, may also be obtained without charge at the SEC’s website at www.sec.gov or by writing to UYSC at 39 E. Broadway,
Suite 603, New York, New York 10002.
INVESTORS AND SECURITY HOLDERS OF UYSC ARE URGED
TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE TRANSACTIONS
THAT UYSC WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT UYSC, ISDERA GROUP LIMITED,
AND THE TRANSACTION.
Participants in Solicitation
Isdera Group Limited, UYSC, Isdera, Inc., Merger
Sub, 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 F-4 or S-4 (as may be amended from
time to time) that will include a proxy statement and a registration statement/preliminary prospectus pertaining to the proposed transaction
when it becomes available. These documents can be obtained free of charge from the sources indicated above.
No Offer or Solicitation
This Current Report on Form 8-K is for informational
purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy any securities or the
solicitation of any vote in any jurisdiction pursuant to the proposed transactions or otherwise, nor shall there be any sale, issuance
or transfer or securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means
of a prospectus meeting the requirements of Section 10 of the Securities Act.
Important Notice Regarding Forward-Looking
Statements
This Current Report on Form 8-K contains certain
“forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both
as amended. Statements that are not historical facts, including statements about the pending transactions among UY Scuti Acquisition Corporation,
Isdera, Inc., Merger Sub, and Isdera Group Limited, and the transactions contemplated thereby, and the parties’ perspectives and
expectations, are forward-looking statements. Such statements include, but are not limited to, statements regarding the proposed transaction,
including UYSC’s and Isdera Group’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. The 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 are not guarantees of future performance
and are subject to various risks and uncertainties, assumptions (including assumptions about general economic, market, industry and operational
factors), known or unknown, which could cause the actual results to vary materially from those indicated or anticipated. Most of these
factors are outside the control of UYSC or Isdera Group and are difficult to predict.
Such risks and uncertainties 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 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 PRC regulators)
required to complete the transactions contemplated by the Merger Agreement; (5) the occurrence of any event, change or other circumstance
that could give rise to the termination of the Merger Agreement or could otherwise cause the transaction to fail to close; (6) the inability
to obtain or maintain the listing of the post-acquisition company’s ordinary shares on Nasdaq following the business combination;
(7) the risk that the business combination disrupts current plans and operations as a result of the announcement and consummation of the
business combination; (8) the ability to realize the anticipated benefits of the business combination, which may be affected by, among
other things, competition, the ability of the combined company to grow and manage growth profitably and retain its key employees; (9)
costs related to the business combination; (10) changes in applicable laws or regulations; (11) the possibility that Isdera Group or the
combined company may be adversely affected by other economic, business, and/or competitive factors; and (12) other risks and uncertainties
to be identified in the Registration Statement filed by Purchaser and Isdera Group (when available) relating to the business combination,
including those under “Risk Factors” therein, and in other filings with the SEC made by UYSC and Isdera Group. UYSC and Isdera
Group caution that the foregoing list of factors is not exclusive. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking
statements. Accordingly, UYSC and Isdera Group caution readers not to place undue reliance upon any forward-looking statements, which
speak only as of the date made. Neither UYSC nor Isdera Group undertakes or accepts any obligation or undertaking to release publicly
any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions
or circumstances on which any such statement is based, subject to applicable law.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Company has duly caused this Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly
authorized.
| |
UY Scuti Acquisition Corporation |
| |
|
|
| Dated: July 6, 2026 |
By: |
/s/ Jialuan Ma |
| |
Name: |
Jialuan Ma |
| |
Title: |
Chief Executive Officer |