NEW YORK, March 31, 2022 (GLOBE NEWSWIRE) — Metal Sky Star Acquisition Corporation, a Cayman Islands Exempt Company (NASDAQ: MSSAU) (the “Company”) announced today that it has priced its offer initial public offering of 10,000,000 units at $10.00 per unit.
The Company’s units are scheduled to list on the Nasdaq Global Market (“Nasdaq”) and trade under the symbol “MSSAU” beginning Friday, April 1, 2022. Each unit consists of one common share, with a par value of 0.001 $ per share, a right to receive one-tenth (1/10) of a common share and a redeemable warrant to acquire one common share at an exercise price of $11.50 per share. The securities underlying the Units do not currently trade separately. Once the securities comprising the units begin to trade separately, the shares, rights and warrants are expected to be listed on Nasdaq under the symbols “MSSA”, “MSSAR” and “MSSAW”, respectively.
Ladenburg Thalmann & Co. Inc. is acting as sole bookrunner and representative of the underwriters in connection with the offering. The underwriters have been granted a 45-day option to purchase up to an additional 1,500,000 units offered by the Company to cover over-allotments, if any.
The offering is expected to close on Tuesday, April 5, 2022 subject to customary closing conditions.
The Company’s sponsor, M-Star Management Corporation, a British Virgin Islands company, and/or its delegates have committed and agreed to purchase a total of 300,000 units (or 330,000 units if Over-Allotment Option is exercised in full) at a price of $10.00 per Unit for an aggregate purchase price of $3,000,000 (or $3,300,000 if the Over-Allotment Option is exercised in full), under a private placement which will close simultaneously with the closing of the initial public offering. Each private placement unit will consist of one common share, a right to receive one-tenth (1/10) of a common share upon completion of an initial business combination and one warrant private placement agreement to purchase one common share at a price of $11.50 per share.
The offering is being made solely by means of a prospectus, copies of which may be obtained by contacting Ladenburg Thalmann & Co., Inc. located at 640 5th Ave., 4th Floor, New York, NY 10019 or prospectus@ladenburg. com. Copies of the registration statement may be viewed on the SEC’s website at www.sec.gov.
A registration statement on Form S-1 relating to these securities (SEC registration number: 333-260251) was declared effective by the Securities and Exchange Commission on March 31, 2022. A final prospectus relating to this offering will be filed with of the SEC. This press release does not constitute an offer to sell or a solicitation of an offer to buy, and there will be no sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. prior to registration or qualification under the securities laws of such state or territory.
About Metal Sky Star Acquisition Corporation
Metal Sky Star Acquisition Corporation is a blank check corporation incorporated under the laws of the Cayman Islands for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or a similar business combination with one or more companies.
Forward-looking statements
This press release contains statements that constitute “forward-looking statements”, including with respect to the proposed initial public offering and the expected use of net proceeds. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control, including those set forth in the Risk Factors section of the Company’s registration statement and the preliminary offering prospectus filed with the DRY. Copies are available on the SEC’s website, www.sec.gov. The Company assumes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Company details :
Man Chak Leung
Chief Executive Officer
132 West 31st Street, First Floor
New York, NY 10001
(332) 237-6141
E-mail: adrian@metalskystar.com
Source: Metal Sky Star acquisition company
