UY Scuti Acquisition Corp. (NASDAQ:UYSCU) announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “UYSCU”, Tuesday, April 1, 2025.
The new SPAC aims to combine with a target company in Asia, but it does not have a specific preference on industry or sector.
UY Scuti is led by Chief Executive Officer Jialuan Ma, Chief Financial Officer Shaokang Lu and Chief Investment Officer Jiawen Zhao. In addition, the Board of Directors includes Sze Wai Lee, Daniel John Paul Peart and Yan Liang.
Total SPAC deal count for 2025 year-to-date is now 19. This offering is expected to close on Tuesday, April 1, 2025.
Maxim Group LLC is acting as sole book-running manager for the offering. Becker & Poliakoff LLP is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. WWC PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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