{"url_path":"/sec/uysc/8-k/2026-07-06/item-2-03","section_key":"item-2-03","section_title":"Item 2.03 ** **Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-06","source_url":"https://www.sec.gov/Archives/edgar/data/2036973/0001185185-26-002810-index.html","accession_number":"0001185185-26-002810","cik":"0002036973","ticker":"UYSC","issuer_name":"UY Scuti Acquisition Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/2036973/0001185185-26-002810-index.html","primary_entity_key":"0002036973","primary_entity_name":"UY Scuti Acquisition Corp."},"word_count":337,"has_tables":true,"body_markdown":"**Item 2.03** **Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.**\n\n** **\n\nAs previously disclosed, on July 18, 2025, UY\nScuti Acquisition Corp. (the “Company” or “UYSC”) entered into an Agreement and Plan of Merger (the\n“Merger Agreement”) with Isdera Group Limited, a Cayman Islands company (“Isdera Group”), a company\nthat shall become the parent company of Xinghui Automotive Technology (Hainan) Co., Ltd, (“Xinghui Automotive Technology”),\nand Xinghui Automotive Technology’s principal shareholders for a business combination. The Merger Agreement contemplates that (i)\nthe Company shall form a company in the Cayman Islands as an exempted company and a wholly-owned subsidiary (“Isdera, Inc”\nor the “Purchaser”) and (ii) Purchaser shall form a company in the Cayman Islands as an exempted company and a wholly-owned\nsubsidiary (the “Merger Sub”) for the purposes of consummating the business combination transactions described in the\nMerger Agreement. Pursuant to the Merger Agreement, the Company will merge with and into Purchaser, resulting in the Company’s shareholders\nbecoming shareholders of the Purchaser and concurrently therewith, Merger Sub will merge with and into Isdera Group, with Isdera Group\nsurviving the merger and resulting in Purchaser acquiring 100% of the issued and outstanding equity securities of Isdera Group (the “Business\nCombination”).\n\n \n\nOn June 30, 2026, the Company caused an aggregate\nof $450,000 to be deposited into the trust account (the “Trust Account”) established in connection with the Company’s\ninitial public offering in order to extend the time that the Company has to consummate an initial business combination. Such deposit was\nmade pursuant to the Company’s Second Amended and Restated Memorandum and Articles of Association, as amended, and the Investment\nManagement Trust Agreement, as amended, governing the Trust Account. The $450,000 extension payment was loaned to the Company by Isdera\nHK Limited, an affiliate of Isdera Group. The Company expects to issue a promissory note to the lender with respect to such loan, and\nwill file a copy of the note as an exhibit to a Current Report on Form 8-K."}