Metal Sky Star SPAC mutually terminates merger with Future Dao Group; no break fee

Metal Sky Star Acquisition Corp

Merger Agreement with Future Dao Group and Merger Sub terminated by mutual consent on October 6, 2023.
No termination fees or expenses payable by either party.
All parties release each other from claims related to the Merger Agreement and proposed transaction.
SPAC must now seek a new business combination target or face liquidation.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Metal Sky Star Acquisition Corp terminated Termination of Agreement and Plan of Merger with Future Dao Group Holding Limited valued at Mutual termination of Merger Agreement; no fees or expenses payable (effective 2023-10-06).

Action: termination
Agreement: merger
Counterparty: Future Dao Group Holding Limited
Value: Mutual termination of Merger Agreement; no fees or expenses payable
Effective: 2023-10-06

Exact text from the filing

On October 6, 2023, the parties to the Merger Agreement entered into a Termination of Agreement and Plan of Merger (the “Termination Agreement”), pursuant to which, among other things, the parties agreed to mutually terminate the Merger Agreement, pursuant to Section 10.01 (a) of the Merger Agreement, effective as of October 6, 2023 (the “Termination”).

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Metal Sky Star Acquisition Corp filing history →

Source: SEC EDGAR

accession 0001829126-23-006507

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