The SPAC is liquidating with no deal. The ~$16.41 per share redemption sets a hard floor for the common stock until the last trading day on October 2, 2026. Warrants and rights will receive zero distribution — monitor for any last-minute trading in those securities before they become worthless.
Price Chart
Executive Summary
Metal Sky Star Acquisition Corp (MSSAF) announced it will not complete a business combination by the October 4, 2026 deadline and will liquidate. Public shareholders are expected to receive approximately $16.41 per share from the trust account on or about October 2, 2026, with the last trading day on OTC Markets also on October 2, 2026. The company will file a Form 15 to terminate SEC reporting obligations.
Key Facts
- Company will not seek an extension to complete a business combination by October 4, 2026
- Board unanimously approved liquidation, including redemption of public shares, cancellation of rights/warrants, and cancellation of sponsor's private placement units
- Public shareholders expected to receive ~$16.41 per share from trust account on or about October 2, 2026
- Last day of trading on OTC Markets expected to be October 2, 2026
- Company intends to file Form 15 to terminate SEC reporting obligations
- Sponsor waived redemption rights on founder shares and private placement units
- No liquidating distributions for rights and redeemable warrants
Financial Impact
Public shareholders receive ~$16.41 per share from trust account; up to $50,000 of interest reserved for dissolution expenses
Risk Factors
- Warrants and rights will receive no liquidation distribution and become worthless
- Delisting and deregistration will eliminate any future trading liquidity
- No further business combination opportunity — the SPAC is terminating operations
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-043686 |
| Exhibit: ex99-1.htm | 0001493152-26-043686 |
| Document: 0001493152-26-043686-index-headers.html | 0001493152-26-043686 |
| Document: 0001493152-26-043686-index.html | 0001493152-26-043686 |
| Document: 0001493152-26-043686.txt | 0001493152-26-043686 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 15-12G | — | awaiting T+20 | — | — |
Sep 22, 2026 4w ago | 8-K | — | awaiting T+20 | — | — |
Sep 17, 2026 5w ago | 8-K | — | awaiting T+20 | — | — |
US Market Status
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