8-K
filed November 1, 2023, 7:59 PM ET
ticker MSSAF
CIK 0001882464
other material
confidence high
sentiment negative
materiality 0.60
Metal Sky Star SPAC extends deadline to Aug 5 2024; 2.41M shares redeemed
Metal Sky Star Acquisition Corp
- Shareholders approved extension of business combination deadline to August 5, 2024, reducing monthly extension fee to lesser of $50k or $0.033 per share.
- 2,412,260 shares were presented for redemption at the extraordinary general meeting on October 30, 2023.
- Charter and trust agreement amendments approved by 6,323,599 votes for, 1,709,300 against.
- Effective October 31, 2023, trust agreement amended to reflect new extension terms and reduced payments.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Metal Sky Star Acquisition Corp: Amendment to extend business combination deadline to August 5, 2024 and reduce extension fee, by replacing Section 36.2 of the Amended and Restated Memorandum and Articles of Association (effective 2023-10-30).
- Change
- charter amendment
- Effective
- 2023-10-30
Exact text from the filing
At the Extraordinary General Meeting, the shareholders approved an amendment to Metal Sky Star’s amended and restated memorandum and articles of association (the “Amended and Restated Memorandum and Articles of Association”) to extend the date by which Metal Sky Star must consummate a business combination (the “Extension”) to August 5, 2024 (the “Extended Date”) and reduce the amount of the fee to extend such time period, by amending the Amended and Restated Memorandum and Articles of Association to delete the existing Section 36.2 thereof and replacing it with the new Section 36.2 in the form set forth in Annex A of the proxy statement.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Metal Sky Star Acquisition Corp shareholders approved Amend the Amended and Restated Memorandum and Articles of Association to extend the date to consummate a business combination to August 5, 2024 and reduce the amount of the fee to extend such time period. at the 2023-10-30 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-10-30
Exact text from the filing
At the Extraordinary General Meeting of Metal Sky Star, which was held on October 30, 2023, each of the proposals described below was approved by the Company’s shareholders of record.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Metal Sky Star Acquisition Corp shareholders approved Amend the Investment Management Trust Agreement to reflect the Charter Amendment Proposal. at the 2023-10-30 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-10-30
Exact text from the filing
Proposal 2: A proposal to amend the Investment Management Trust Agreement, dated March 30, 2022, by and among the Company, Wilmington Trust, N.A., as trustee, and Vstock Transfer LLC, to reflect the Charter Amendment Proposal: For Against Abstain Trust Agreement Proposal 6,323,599 1,709,300 0
View on SEC.gov
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