regulatory
confidence high
sentiment negative
materiality 0.70
MSSA deposits $50k into trust, faces Nasdaq delisting hearing on Sep 19
Metal Sky Star Acquisition Corp
- Sponsor deposited $50,000 into trust on Aug 8 and Sep 3, 2024, to extend business combination period until April 5, 2024.
- Nasdaq notified MSSA of potential delisting for failing to complete a business combination within 36 months and for late periodic filings.
- MSSA requested a hearing before the Nasdaq Hearings Panel, scheduled for September 19, 2024.
- Filed annual report for FY 2023 on Aug 30, 2024; quarterly reports to be filed as soon as possible.
- The Company plans to hold an extraordinary general meeting to seek further extension and provide redemption rights to public shareholders.