UY Scuti Documents $900,000 in Extension Loans and Secures Up to $200,000 for Deal Costs
UY Scuti issued two unsecured notes totaling $1.1M to extend its business combination deadline with Isdera Group. $900,000 from Isdera HK funds trust-account deposits, and up to $200,000 from Xinghui Automotive covers deal costs. Both notes are due upon closing and may convert into units at $10 each, per the company's SEC filing.
