Metal Sky Star Acquisition to liquidate after missing October 4 business-combination deadline

  • Metal Sky Star Acquisition Corporation announced plans to liquidate after missing its business-combination deadline.
  • Approximately $16.41 per public share is expected from the trust account around October 2, 2026.
  • The company expects OTC Markets trading in its Securities to end October 2, 2026.

Metal Sky Star Acquisition Corporation said it will not complete an initial business combination by October 4, 2026, and intends to liquidate promptly under its amended and restated memorandum and articles of association. Public shareholders are expected to receive approximately $16.41 per share from the trust account on or about October 2, after taxes and up to $50,000 in interest for dissolution expenses. Beneficial owners holding ordinary shares in street name do not need to take action to receive the redemption amount. The sponsor waived redemption rights for its founder shares and private placement shares, while the company’s rights and redeemable warrants will receive no liquidating distributions. Trading in the company’s ordinary shares, redeemable warrants and units on OTC Markets is expected to end October 2. The Cayman Islands-incorporated blank check company was formed to pursue a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination. The release also contains forward-looking statements subject to risks described in filings with the SEC (U.S. securities regulator), and the company said it has no obligation to update them except as required by law.

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