---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-23-002768"
form_type: "8-K"
ticker: "MSSAF"
cik: "0001882464"
company_name: "Metal Sky Star Acquisition Corp"
filed_at: "2023-04-17T23:59:59+00:00"
generated_at: "2026-06-17T01:37:02.947837+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Metal Sky Star Acquisition Corp. to merge with Future Dao Group in $350M de-SPAC deal

## Summary
- Merger values Future Dao at $350M; each Future Dao share to be $10.00 after share split.
- Metal Sky shareholders to receive one Future Dao Class A share per share; warrants assumed and rights converted.
- Transaction expected to close by end of 2023; subject to shareholder approvals, regulatory nods, and Nasdaq listing.
- Sponsor and certain Future Dao shareholders entered into lock-up and voting support agreements.
- Future Dao shareholders to contribute additional 1,400,000 TH/s bitcoin miners after closing.

## SEC filing metadata
- accession: 0001829126-23-002768
- form_type: 8-K
- ticker: MSSAF
- cik: 0001882464
- company_name: Metal Sky Star Acquisition Corp
- filed_at: 2023-04-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1882464/000182912623002768/0001829126-23-002768-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1882464/000182912623002768/metalskystar_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-23-002768
- JSON: https://secwatch.observer/filing/0001829126-23-002768.json
- Plain text: https://secwatch.observer/filing/0001829126-23-002768.txt

## Key facts
- Material Agreements
  Metal Sky Star Acquisition Corp entered into Agreement and Plan of Merger with Future Dao Group Holding Limited valued at $350 million valuation for all outstanding Future Dao Ordinary Shares (effective 2023-04-12).
  - Action: entry
  - Agreement: merger
  - Counterparty: Future Dao Group Holding Limited
  - Value: $350 million valuation for all outstanding Future Dao Ordinary Shares
  - Effective: 2023-04-12
  source text: On April 12, 2023, Metal Sky entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Future Dao Group Holding Limited, a Cayman Islands exempted company (the “ Future Dao ”), and Future Dao League Limited, a Cayman Islands exempted company and wholly owned subsidiary of Future Dao (the “ Merger Sub ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1882464/000182912623002768/0001829126-23-002768-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.