SPAC to Liquidate: $16.41/Share Redemption, Trading Ends Oct 2
MSSUF is trading near its 52-week low of $9.91 (1.0% above the low).
Summary
SPAC Metal Sky Star Acquisition Corp announced it will liquidate after failing to complete a business combination by October 4, 2026. Public shareholders receive approximately $16.41 per share from the trust account, with trading expected to end October 2, 2026.
Key Events · Corporate Governance and Compliance · MSSUF
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SPAC Liquidation Announced
Company will not seek an extension to complete a business combination by October 4, 2026, and the Board approved liquidation of the trust account and redemption of public shares.
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Redemption at $16.41 Per Share
Public shareholders expected to receive approximately $16.41 per share from the trust account, net of taxes and up to $50,000 of dissolution expenses, on or about October 2, 2026.
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Trading Ends October 2, 2026
Last day of trading for ordinary shares, redeemable warrants, and units on OTC Markets expected to be October 2, 2026.
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Sponsor Waives Redemption Rights
Sponsor M-Star Management Corporation waived redemption rights on founder shares and private placement units; no liquidating distributions for rights and redeemable warrants.
Analysis · MSSUF · Real Estate & Construction
Metal Sky Star Acquisition Corp will not complete a business combination by its October 4, 2026 deadline and is liquidating. Public shareholders receive approximately $16.41 per share from the trust account, with the last trading day expected October 2, 2026. The sponsor waived redemption rights on founder shares and private placement units, and the company will file Form 15 to deregister its securities. This is a terminal event for the SPAC — the investment thesis ends and shareholders receive trust proceeds rather than a merger target.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 41.9% of the 322 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.38%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MSSUF was trading at $10.01 on OTC in the Real Estate & Construction sector, with a market capitalization of approximately $40.8M. The 52-week trading range was $9.91 to $16.57. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.