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Recent Updates — MSSAF

September 22, 2026View Source ↗

Metal Sky Star Acquisition Corporation announced on September 22, 2026, that it will not extend the deadline to complete an initial business combination by October 4, 2026. Consequently, the Board has determined to liquidate the company and redeem public shares for approximately $16.41 per share from the trust account, net of taxes and up to $50,000 in dissolution expenses. The redemption is expected to occur on or about October 2, 2026, with trading ceasing on that date. The sponsor waived redemption rights for founder shares and private placement units, while rights and warrants will be cancelled without distribution. Metal Sky Star Acquisition Corporation operates as a special purpose acquisition company (SPAC) focused on effecting business combinations.

September 17, 2026View Source ↗

Metal Sky Star Acquisition Corporation dismissed UHY LLP as its independent registered public accounting firm, effective September 4, 2026. The company's audit reports for fiscal years ended December 31, 2025 and 2024 included explanatory paragraphs regarding substantial doubt about the company's ability to continue as a going concern. Additionally, UHY’s reports noted material weaknesses in internal control over financial reporting. No disagreements with UHY on accounting principles or auditing procedures were reported during this period. The company has not yet engaged a successor auditor. Metal Sky Star Acquisition Corp is a blank check company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination.