UY Scuti Acquisition Corp. reported consolidated net income of $783344 for the fiscal year ended March 31, 2026, while the company remained pre-revenue as it advances a planned business combination — 10-K Summary.
Financial Highlights
- Net income was $783,344 for the fiscal year ended March 31, 2026.
- Revenue: Not disclosed in the report.
- Diluted earnings per share: Not disclosed in the report.
Business Highlights
- Business combination progress: The company entered into a Merger Agreement to acquire Isdera Group and has structured multi-step mergers to create a combined automotive parent.
- Capital deployment for transaction: IPO proceeds and funds in the trust account are reserved primarily to fund the planned acquisition and related transaction activities.
- Operational milestones: Shareholders approved necessary actions and the sponsor made two trust-extension deposits, extending the business-combination deadline to April 1, 2027.
- Pre-revenue status: The company reported no operating revenues and focused on target evaluation, due diligence, and preparatory public-company operations.
- Sponsor support and financing: Sponsor and affiliates provided convertible loans and extension funding to support the transaction pursuit and cover G&A and due diligence expenses.
Original SEC Filing:
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