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.
At the SPAC of Dawn Despite the jitters sent through the market ahead of today’s festival of tariff implementations, SPACs have shown themselves to be unconcerned with “Liberation Day” as two teams priced their IPOs and will debut in the eye of the storm later today. That makes for four new SPAC listings on the...
Soulpower Acquisition Corporation (NYSE:SOUL.U) announced the pricing of its upsized $220 million IPO and its units are expected to begin trading on the NYSE under the symbol “SOUL.U”, Wednesday, April 2, 2025. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution but will focus...
Sizzle Acquisition Corp. II (NASDAQ: SZZLU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SZZLU”, Wednesday, April 2, 2025. Sizzle II plans to search for a target in a range of industries and combine with an established business of scale poised...
In March 2025, SPAC activity remained largely in line with February, though notable shifts emerged across extensions, announced transactions, and completions. Extension activity remained steady, with a slight increase in the number of SPACs seeking additional time. However, later-stage extensions became more common, reflecting a maturing SPAC landscape. Announced transaction volume continued to be weak,...
Best SPAC I (NASDAQ:BSAAU) has filed for a $55 million SPAC with a search focus targeting consumer goods companies from its base in Hong Kong. Maxim is taking just 1.0% fees up front and will not take a deferred fee. This upfront fee will also apply only to proceeds in the offering from investors brought...