Metal Sky Star Acquisition

Metal Sky Star Acquisition Corporation is a blank check company, incorporated on May 5, 2021, in the Cayman Islands. Its purpose is to complete a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company completed its initial public offering (IPO) on April 5, 2022, following the registration statement being declared effective by the SEC on March 31, 2022. In the IPO, the company sold 11,500,000 units at an offering price of $10.00 per unit, generating gross proceeds of $115,000,000. Each unit consists of one ordinary share, one right to receive one-tenth (1/10) of an ordinary share upon the consummation of an initial business combination, and one redeemable warrant, with each warrant entitling the holder to purchase one ordinary share. Simultaneously with the IPO closing, the company privately sold 330,000 units to its sponsor, M-Star Management Corporation, a British Virgin Islands company, at $10.00 per unit, generating gross proceeds of $3,300,000. These Private Placement Units are identical to the IPO units, with the sponsor agreeing to restrictions on transfer, assignment, or sale until 30 days after the initial business combination. Transaction costs for the IPO totaled $5,704,741, including $2,300,000 in underwriting fees, $2,875,000 in deferred underwriting fees, and $529,741 in other offering costs.