UY Scuti Acquisition amends Isdera Group merger deal, sets company net value at 920 million

By Public Technologies
  • UY Scuti Acquisition Corp. executed a joinder agreement bringing Isdera Inc and Isdera Technology Limited into its merger deal with Isdera Group.
  • The entities were formed in the Cayman Islands to serve as the purchaser and merger subsidiary under the transaction framework.
  • A first amendment reset the deal’s “Company Net Value” to $920 million.
  • Revisions also fixed a technical definition and updated closing consideration allocation schedules among Isdera Group shareholders.


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