UY Scuti CEO reports 1.45M-share indirect stake
Rhea-AI Filing Summary
UY Scuti Acquisition Corp. (UYSC) reported initial insider ownership for Yin Qunxue, CEO and Chairman, via a Form 3. The filing shows indirect holdings through UY Scuti Investments Limited (the Sponsor) of 1,448,348 Ordinary Shares and Rights that are exercisable into 48,169 Ordinary Shares at an exercise price of $0.0000 per share. Each Right entitles the holder to receive one-fifth of one Ordinary Share upon consummation of the company’s initial business combination and will expire upon liquidation if that combination is not completed. Yin Qunxue is the sole director and control person of the Sponsor, has sole voting and dispositive power over these securities, and disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Yin Qunxue
Role
CEO and Chairman of the Board
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Rights to receive Ordinary Shares F1, F2, F3, F4 | -- | -- | -- |
| holding | Ordinary Shares, $0.0001 par value per share F1 | -- | -- | -- |
Holdings After Transaction:
Rights to receive Ordinary Shares — 48,169 shares (Indirect, By UY Scuti Investments Limited);
Ordinary Shares, $0.0001 par value per share — 1,448,348 shares (Indirect, By UY Scuti Investments Limited (the "Sponsor").)
Footnotes (4)
- F1. The securities are held of record by UY Scuti Investments Limited (the "Sponsor"). The Reporting Person is the sole director and control person of the Sponsor and possesses sole voting and dispositive power over the securities held by the Sponsor. The Reporting Person disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein.
- F2. The Sponsor holds 240,848 Rights, each of which entitles the holder to receive one-fifth (1/5) of one Ordinary Share.
- F3. Each Right entitles the holder to receive one-fifth (1/5) of one Ordinary Share upon consummation of the Issuer's initial business combination.
- F4. The Rights will expire upon liquidation if the Issuer is unable to complete its initial business combination within the required time period described in the Issuer's prospectus.
Key Figures
Indirectly held Ordinary Shares: 1,448,348 shares
Rights underlying Ordinary Shares: 48,169 shares
Rights held by Sponsor: 240,848 Rights
+2 more
5 metrics
Indirectly held Ordinary Shares
1,448,348 shares
Ordinary Shares, $0.0001 par value per share, held indirectly by UY Scuti Investments Limited
Rights underlying Ordinary Shares
48,169 shares
Underlying Ordinary Shares for Rights held indirectly by UY Scuti Investments Limited
Rights held by Sponsor
240,848 Rights
Each Right entitles the holder to receive one-fifth (1/5) of one Ordinary Share
Exercise price of Rights
$0.0000 per share
Exercise price for Rights to receive Ordinary Shares
Underlying security for Rights
Ordinary Shares
Rights to receive Ordinary Shares upon consummation of initial business combination
Key Terms
Rights to receive Ordinary Shares, initial business combination, liquidation, beneficial ownership, +1 more
5 terms
initial business combination financial
"upon consummation of the Issuer's initial business combination"
An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.
liquidation financial
"will expire upon liquidation if the Issuer is unable to complete"
Liquidation is the process of turning a company’s assets into cash to pay off debts and close the business, often by selling property, inventory or investments. For investors it matters because liquidation determines whether there will be any money left for shareholders after creditors are paid and how much they might recover — like a garage sale where items are sold to settle bills, with leftovers (if any) shared last.
beneficial ownership financial
"disclaims beneficial ownership of the securities except to the extent"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
dispositive power financial
"possesses sole voting and dispositive power over the securities"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
FAQ
What insider holdings did UYSC CEO Yin Qunxue report on this Form 3?
The Form 3 reports indirect ownership through UY Scuti Investments Limited of 1,448,348 Ordinary Shares and Rights linked to 48,169 Ordinary Shares. These positions reflect holdings at the time of becoming a reporting person, with no buy or sell transactions disclosed.
How are the Rights of UY Scuti Acquisition Corp. (UYSC) structured for the Sponsor?
The Sponsor holds 240,848 Rights, each entitling the holder to receive one-fifth (1/5) of one Ordinary Share. Each Right becomes exercisable upon consummation of UY Scuti Acquisition Corp.’s initial business combination and carries an exercise price of $0.0000 per share.
Who legally holds the UYSC securities reported for Yin Qunxue on the Form 3?
The securities are held of record by UY Scuti Investments Limited, described as the Sponsor. Yin Qunxue is the Sponsor’s sole director and control person, with sole voting and dispositive power, and disclaims beneficial ownership except for his pecuniary interest.
Does the UYSC Form 3 disclose any recent insider purchases or sales by Yin Qunxue?
No. The Form 3 lists holdings only—indirect ownership of Ordinary Shares and Rights through the Sponsor. There are no reported purchase or sale transactions; the filing serves as an initial statement of beneficial ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
