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Ipos overview

UY Scuti Acquisition Corp. (UYSCU)


Company Overview

Proposed Symbol UYSCU
Company Name UY Scuti Acquisition Corp.
Exchange
Share Price $
Employees 3 (as of 02/11/2025)
Status
Shares Offered
Offer amount $57,500,000
Shares Over Alloted
Company Address 340 EAST 64TH STREET, APT 5P NEW YORK NY 10065
Company Phone (412)-947-0514
Company Website www.envoytechnologies.com
CEO Jialuan Ma
State of Inc
Fiscal Year End 03-31
Total Offering Expense $900,000.00
Shareholder Shares Offered
Shares Outstanding 6,677,500
Lockup Period (days) 180
Lockup Expiration
Quiet Period Expiration
CIK 0002036973
DealId 1324536-112932

Company Description

We are a blank check company incorporated in the Cayman Islands and formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our business combination. We have not identified any acquisition target and we have not, nor has anyone on our behalf, initiated any discussions, directly or indirectly, to identify any acquisition target. We have not identified any particular geographical area or country in which we may seek a business combination. We expect to encounter intense competition from SPACs and other entities having a business objective similar to ours. Many of our competitors are well-established and have extensive experience in identifying and effecting, directly or indirectly, acquisitions of companies operating in or providing services to various industries. Because there are more SPACs seeking to enter into initial business combinations, the competition for available targets with attractive fundamentals or business models may increase, which could cause target companies to demand improved financial terms. --- Our efforts in identifying prospective target businesses will not be limited to a particular geographic region. To date, our efforts have been limited to organizational activities as well as activities related to the offer. None of our officers, directors, promoter or other affiliates has engaged in any substantive discussion on our behalf with representatives of other companies regarding the possibility of a potential business combination with us. We may pursue an initial business combination in any business or industry but expect to focus on a target in an industry where we believe our management team and Founder’s expertise will provide us with a competitive advantage. We will seek to capitalize on the strength of our management team. Our team consists of experienced professionals and senior operating executives. Collectively, our officers and directors have decades of experience in operating companies. We believe we will benefit from their accomplishments, and specifically their current and recent activities with companies in identifying attractive acquisition opportunities. However, there is no assurance that we will complete a business combination. --- We are a Cayman Islands exempted company incorporated on January 18, 2024. Our executive offices are located at 39 E Broadway, Suite 603, New York, NY 10002. Telephone number: (412)-947-0514. Our website: www.uysacquisition.com.