UY Scuti Acquisition Corp.
For the period ended Mar 31, 2025. Filed Jul 11, 2025.
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FY2025 · Filed Jul 11, 2025
UYSC$11.040.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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BALANCE SHEETS AS OF MARCH 31, 2025 AND 2024
BALANCE SHEETS
| 2025 · 2024 | |||
|---|---|---|---|
| Assets | |||
| Cash and cash equivalents | $17,221 | $ | - |
| Deferred offering costs | 222,095 | 90,000 | |
| Total Assets | $239,316 | $90,000 | |
| Liabilities and Shareholders’ (Deficit) Equity | |||
| Current Liabilities | |||
| Accrued expenses | 40,000 | 40,000 | |
| Due to related parties | - | 31,748 | |
| Promissory Note - related party | 337,584 | - | |
| Total Current Liabilities | $377,584 | $71,748 | |
| Commitments and Contingencies – (see Note 6) | |||
| Shareholders’ (Deficit) Equity | |||
| Preference shares, $0.0001 par value; 10,000,000 shares authorized; nil and nil shares issued and outstanding as of March 31, 2025 and 2024, respectively. | - | - | |
| Ordinary shares, $0.0001 par value; 490,000,000 shares authorized; 1,437,500 and 1,437,500 shares issued and outstanding as of March 31, 2025 and 2024, respectively*. | 144 | 144 | |
| Additional paid-in capital | 24,856 | 24,856 | |
| Accumulated deficit | (163,268) | (6,748) | |
| Total Shareholders’ (Deficit) Equity | (138,268) | 18,252 | |
| Total Liabilities and Shareholders’ (Deficit) Equity | $239,316 | $90,000 | |
| * | Includes an aggregate of up to 187,500 ordinary shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters (see Note 5). |
STATEMENTS OF OPERATIONS
| For the fiscal year ended March 31, 2025 | For the period from January 18, 2024 (inception) through March 31, 2024 | |
|---|---|---|
| Formation and operating costs | $156,520 | $6,748 |
| Net loss | $(156,520) | $(6,748) |
| Basic and diluted weighted average shares outstanding(1) | 1,250,000 | 1,250,000 |
| Basic and diluted net loss per ordinary share | $(0.11) | $(0.01) |
| (1) | Excludes an aggregate of up to 187,500 ordinary shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters (see Note 5). |
**STATEMENTS OF CHANGES IN SHAREHOLDERS’ (DEFICIT) EQUITY
FOR THE FISCAL YEAR ENDED MARCH 31, 2025 AND FOR THE PERIOD FROM JANUARY 18, 2024
(INCEPTION) THROUGH MARCH 31, 2024
| Additional · Total Shareholders’ | |||||
|---|---|---|---|---|---|
| Ordinary Shares · Paid-in · Accumulated · (Deficit) | |||||
| Shares | Amount | Capital | Deficit | Equity | |
| Balance as of January 18, 2024 (Inception) · - · $ · - · $ · - · $ · - · $ · - | |||||
| Issuance of ordinary shares to Sponsor(1) | 1,437,500 | 144 | 24,856 | - | 25,000 |
| Net loss | - | - | - | (6,748) | (6,748) |
| Balance as of March 31, 2024 | 1,437,500 | $144 | $24,856 | (6,748) | $18,252 |
| Net loss | - | - | - | (156,520) | (156,520) |
| Balance as of March 31, 2025 | 1,437,500 | $144 | $24,856 | $(163,268) | $(138,268) |
| (1) | Includes an aggregate of up to 187,500 ordinary shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters (see Note 5). |
STATEMENTS OF CASH FLOWS
| For the fiscal year ended March 31, 2025 · For the period from January 18, 2024 (inception) through March 31, 2024 | |||
|---|---|---|---|
| Cash Flows from Operating Activities: | |||
| Net loss | (156,520) | (6,748) | |
| Adjustments to reconcile net cash used in operating activities: | |||
| Formation and operating costs paid by Sponsor | 57,336 | 6,748 | |
| Changes in operating assets and liabilities | |||
| Deferred offering costs | (104,595) | - | |
| Net cash used in operating activities | (203,779) | - | |
| Cash Flows from Financing Activities: | |||
| Proceeds from promissory note payable - related party | 300,000 | - | |
| Repayment of promissory note payable - related party | (79,000) | ||
| Net cash generated by financing activities | 221,000 | - | |
| Net change in cash | 17,221 | - | |
| Cash at beginning of year/period | - | - | |
| Cash at end of the year/period | $17,221 | $ | - |
| Supplemental Disclosure of Non-cash Activities | |||
| Deferred offering costs paid by Sponsor in exchange for the issuance of ordinary shares | - | 25,000 | |
| Deferred offering costs included in accrued expenses | 40,000 | 40,000 | |
| Deferred offering cost paid by Sponsor | 27,500 | 25,000 | |
| Paid off the advances from Sponsor balance by drawing down on the promissory note | $89,248 | $ | - |
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