SPAC Metal Sky Star Acquisition to Liquidate, Ending Deal Hunt
MSSAF sits 25% above its 52-week low of $10.03.
Summary
Metal Sky Star Acquisition Corporation will liquidate, returning capital to shareholders after failing to complete a business combination. Public holders are expected to receive approximately $16.41 per share. The last day of trading of ordinary shares, redeemable warrants, and units on OTC Markets is expected to be October 2. This is a terminal event for the vehicle, with shares likely to trade near trust value until dissolution. The announcement confirms the end of the acquisition search and triggers the redemption process.
At the time of this announcement, MSSAF was trading at $12.50 on OTC in the Finance sector, with a market capitalization of approximately $40.8M. The 52-week trading range was $10.03 to $14.48. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.