Metal Sky Star Acquisition Corp

Metal Sky Star Acquisition Corp is a blank check company, also known as a Special Purpose Acquisition Company (SPAC), incorporated on May 5, 2021, in the Cayman Islands. Its primary purpose is to complete a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more existing businesses. The company completed its initial public offering (IPO) on April 5, 2022, following the Securities and Exchange Commission declaring its registration statement effective on March 31, 2022. In the IPO, Metal Sky Star Acquisition Corp sold 11,500,000 units at an offering price of $10.00 per unit, generating gross proceeds of $115,000,000. Each unit consisted of one ordinary share, one right to receive one-tenth (1/10) of an ordinary share upon the completion of an initial business combination, and one redeemable warrant, with each warrant entitling the holder to purchase one ordinary share. Concurrently 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 an additional $3,300,000 in gross proceeds. The total transaction costs for the IPO were $5,704,741, which included $2,300,000 in underwriting fees, $2,875,000 in deferred underwriting fees, and $529,741 in other offering costs.