Metal Sky Star Acquisition today announced that the company deposited into trust an aggregate of $383,333 (3.3 cents a share) to extend its timeline by one month to Feb. 5. The SPAC raised $100 million in an April 2022 IPO to concentrate on companies that have a connection to the Asian market.
A shareholder vote on a 12-month extension is set for Jan. 26. That measure would further extend the SPAC's deadline to February 2024 in monthly increments, in exchange for additional deposits of $383,333 each month. Read more.
Source: Metal Sky Star Calls Meeting on 12-Month Extension Proposal