UY Scuti Acquisition Corp. adjourned its Extraordinary General Meeting to March 31, 2026, and announced revised terms for proposals to extend its business combination deadline up to four times to April 1, 2027, requiring a $450,000 deposit per extension period.
Key takeaways
The Extraordinary General Meeting was adjourned to March 31, 2026, at 10:00 a.m. Eastern Time.
The deadline for shareholders to redeem ordinary shares was extended to March 27, 2026.
The Charter Amendment Proposal seeks to extend the business combination period up to four times, each by three months, to April 1, 2027.
The Trust Amendment Proposal revises the extension fee to $450,000 per three-month extension period.
If approved, the Company will have a 30-day cure period to deposit any past due extension fee before trust account liquidation.
The Company will not withdraw interest from the trust account to pay dissolution expenses if the proposals are approved.