Core Viewpoint - Isdera Group Limited is set to become the parent company of Xinghui Automotive Technology through a merger with UY Scuti Acquisition Corp, aiming to enhance its position in the ultra-luxury supercar market [1][2][3] Company Overview - Isdera Group is an industrial automotive enterprise headquartered in China, focusing on the ultra-luxury supercar segment by revitalizing the iconic German marque ISDERA, known for handcrafted performance vehicles [3][9] - The company is expanding into both combustion-engine and electric supercar segments, leveraging its design and R&D capabilities [3] Transaction Details - The merger involves UY Scuti Acquisition Corp merging with Isdera Inc, a new subsidiary, while Isdera Technology Limited will merge with Isdera Group, resulting in Isdera Group becoming a wholly owned subsidiary of Isdera Inc [2][4] - Upon completion, Isdera Inc will be publicly listed on Nasdaq under a new ticker symbol, with shareholders of Isdera Group receiving ordinary shares of Isdera Inc [4][5] Key Transaction Terms - The transaction has been unanimously approved by the boards of both UYSC and Isdera Group Limited, but is subject to regulatory approvals and shareholder votes [5] - Certain shareholders of Isdera Group will be subject to lock-up agreements for 180 days post-transaction [4] Advisors - Legal advisors for Isdera Group include Torres & Zheng at Law, P.C., JunHe LLP, and Harney Westwood & Riegels, while UYSC is advised by Becker & Poliakoff P.A., Beijing Dacheng (Shanghai) Law Offices, LLP, and Appleby [7]

Core Viewpoint - Broad Arrow Auctions, a Hagerty company, is set to auction two unique McLaren MP4-12C supercars owned by Formula One champions Lewis Hamilton and Jenson Button at the inaugural Concorso d'Eleganza Villa d'Este Auction on May 24-25, 2025 [1][12]. Group 1: Auction Details - The auction will feature two McLaren MP4-12C models, which are significant in the history of McLaren Automotive, marking its return to the supercar market [4][11]. - The auction is part of Broad Arrow's expansion into Europe, with this being their first auction in the region [15]. Group 2: Vehicle Specifications and History - Lewis Hamilton's MP4-12C, registered on March 1, 2012, has a mileage of 8,500 km, a Volcano Red exterior, and is estimated to sell for €175,000 - €225,000 [13]. - Jenson Button's MP4-12C features Elite Pearl White paintwork, a mileage of 12,000 km, and is estimated to sell for €125,000 - €150,000, offered without reserve [13][10]. - Both cars were configured with input from their respective owners, showcasing unique specifications that enhance their collectability [5][9]. Group 3: Significance of the Vehicles - The MP4-12C is recognized as a pivotal model for McLaren, developed with contributions from both Hamilton and Button, which helped define the future of the brand [8][11]. - The cars represent a blend of motorsport heritage and luxury automotive design, making them highly desirable for collectors [6][12].