SPAC Metal Sky Star shareholders approve extension to Apr 2025; 2.65M shares redeemed (~41%)
Metal Sky Star Acquisition Corp
- Shareholders approved amendment to extend business combination deadline from Aug 5, 2024 to Apr 5, 2025 via up to eight monthly $50K deposits.
- 2,649,965 shares (approx. 41% of outstanding) were tendered for redemption at the Extraordinary General Meeting.
- Vote results: 5,157,538 FOR, 337,384 AGAINST, 0 ABSTAIN on both the charter amendment and trust agreement amendment.
- Trust agreement amended to allow monthly extensions until April 5, 2025, with $50,000 deposit per month into trust account.
- Company must complete initial business combination by April 5, 2025 or liquidate trust and distribute to public stockholders.