MSSAF on OTC

Metal Sky Star Acquisition Corp

Metal Sky Star Acquisition Corp is a blank check company, listed on OTC (MSSAF).1 It is headquartered in Hoboken, New Jersey.1

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Last updated Oct 20, 2026.

Overview

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  • TickerMSSAF on OTC1
  • IndustryBlank Checks1
  • HeadquartersHoboken, New Jersey1
  • Business address221 River Street, 9Th Floor, Hoboken, Nj 070302
  • Filer category, Emerging growth company2

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We have identified the following general criteria and guidelines, which we believe are important in evaluating prospective target businesses.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Operating income56-$802.9K in 2024+101% since 2022
-$1.0M-$750.0K-$500.0K-$250.0K02022: -$398.8K-$398.8K20222023: -$798.5K-$798.5K2023+100%2024: -$802.9K-$802.9K2024+1%
Net income567-$553.6K in 2025
-$1.0M0$1.0M$2.0M$3.0M2022: $1.3M$1.3M20222023: $2.2M$2.2M2023+69%2024: $923.1K$923.1K2024−57%2025: -$553.6K-$553.6K2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.7

Period ending2025-12-312024-12-31
Formation and operational costs$670.7K$802.9K
Loss from operations-$670.7K-$802.9K
Realized interest$113.9K$1.7M
Unrealized gain$3.1K$36.1K
Total other income$117.1K$1.7M
Income (loss) before income taxes-$553.6K$923.1K
Net income (loss)-$553.6K$923.1K

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Corporate structure

Metal Sky Star Acquisition Corp sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Metal Sky Star Acquisition Corp

  • Polar Asset Management Partners Inc. Filed SCHEDULE 13G on Metal Sky Star Acquisition Corp, latest May 15, 2025 (3 filings since Feb 13, 2024)
  • COWEN AND COMPANY, LLC Filed SCHEDULE 13G/A on Metal Sky Star Acquisition Corp, latest Feb 13, 2025 (2 filings since Nov 13, 2024)
  • Shaolin Capital Management LLC Filed SC 13G/A on Metal Sky Star Acquisition Corp, latest Feb 14, 2024 (2 filings since Feb 14, 2023)
  • BALYASNY ASSET MANAGEMENT L.P. Filed SC 13G/A on Metal Sky Star Acquisition Corp, latest Feb 14, 2023 (2 filings since Apr 11, 2022)
  • Saba Capital Management, L.P. Filed SC 13G/A on Metal Sky Star Acquisition Corp, latest Feb 14, 2023 (2 filings since Apr 8, 2022)
  • Lawrence Feis Filed SC 13G/A on Metal Sky Star Acquisition Corp, latest Jan 31, 2023 (2 filings since Apr 6, 2022)
  • M-Star Management Corp Filed SC 13D on Metal Sky Star Acquisition Corp, latest Apr 14, 2022
  • Metal Sky Star Acquisition Corp Hoboken, New Jersey
    • Viva Group Subsidiary · Cayman Islands

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Metal Sky Star Acquisition Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Marketable securities, non-current$1.0M7 Dec 31, 2025$6.7M7 Dec 31, 2024−84.9%

Properties, in its own words

We currently maintain our executive offices at 221 River Street, 9th Floor, Hoboken, New Jersey. The cost for this space is included in the $10,000 per month fee that we currently pay our Sponsor for office space, administrative and support services. We consider our current office space adequate for our current operations.

Item 2 of the 10-K filed Mar 31, 2026.4

Leadership

Who has led Metal Sky Star Acquisition Corp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Man Chak Leung2022
2025
Board members and other officers (4)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Viva Group Cayman Islands3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Metal Sky Acquisition CorpOct 14, 2021 to Oct 14, 20212

Timeline

  1. Sep 22, 20268-K Other events17
  2. Sep 17, 20268-K Change of auditor18
  3. Mar 26, 20268-K Executive or director change19
  4. Mar 24, 20268-K Executive or director change20
  5. Jan 5, 20268-K Bylaws or fiscal year changed; Shareholder vote21
  6. Apr 4, 20258-K Listing notice or transfer; Bylaws or fiscal year changed; Shareholder vote22
  7. Mar 25, 20258-K Listing notice or transfer23
  8. Feb 14, 20258-K Other events24
  9. Jan 10, 20258-K Executive or director change25
  10. Dec 23, 20248-K Executive or director change26
  11. Nov 14, 20248-K Entered a material agreement; Bylaws or fiscal year changed; Shareholder vote27
  12. Nov 4, 20248-K Regulation FD disclosure28
  13. Mar 31, 2022New chief executive Man Chak Leung becomes CEO13

Filings

142 filings to the SEC since October 2021: 5 annual reports, 18 quarterly reports, 32 major events, 8 insider forms, 18 large holders, 61 other. The latest 20:

  1. Oct 9, 202615-12G EDGAR
  2. Sep 22, 20268-K EDGAR
  3. Sep 17, 20268-K EDGAR
  4. Aug 14, 2026NT 10-Q EDGAR
  5. May 15, 202610-Q EDGAR
  6. Mar 31, 202610-K EDGAR
  7. Mar 26, 20268-K EDGAR
  8. Mar 24, 20268-K EDGAR
  9. Jan 5, 20268-K EDGAR
  10. Dec 8, 2025DEF 14A EDGAR
  11. Nov 28, 2025PRE 14A EDGAR
  12. Nov 14, 202510-Q EDGAR
  13. Aug 15, 202510-Q EDGAR
  14. Aug 14, 2025NT 10-Q EDGAR
  15. Aug 8, 2025SCHEDULE 13G/A EDGAR
  16. Jul 14, 202525-NSE EDGAR
  17. May 15, 202510-Q EDGAR
  18. May 15, 2025SCHEDULE 13G EDGAR
  19. Apr 4, 20258-K EDGAR
  20. Mar 31, 202510-K EDGAR

The 142 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 2 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Apr 5, 2022M-Star Management Corp10% ownerBuy330,000$10.00$3.3MForm 4
Apr 5, 2022Leung Man ChakCEO and DirectorBuy330,000$10.00$3.3MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Metal Sky Star Acquisition Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMetal Sky Star Acquisition Corp1
  • CIK0001882464
  • Employer ID (EIN)00-00000004
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6770 Blank Checks1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address221 River Street, 9Th Floor, Hoboken, NJ 070301
  • Phone201-721-87891
  • Shares outstanding3,265,523 as of May 13, 20268
  • Public float$711.8K as of Jun 30, 20254
  • AuditorUHY LLP, Irvine, California PCAOB ID 1195; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceOct 14, 20211
  • Filings142 in all: 8-K (32), UPLOAD (14), 10-Q (13), CORRESP (12), SC 13G (9), 3 (6), DEF 14A (6), PRE 14A (6)1
    All 29 form types

    10-Q/A (5), PRER14A (5), 10-K (4), S-1/A (4), SC 13G/A (4), NT 10-Q (3), SCHEDULE 13G/A (3), 4 (2), DEFA14A (2), 10-K/A (1), 15-12G (1), 25-NSE (1), 424B4 (1), 425 (1), 8-A12B (1), CERT (1), EFFECT (1), NT 10-K (1), S-1 (1), SC 13D (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) May 15, 2026
    Proxy statement (DEF 14A) Dec 8, 2025
    Latest 8-K (8-K) Sep 22, 2026

Securities registered for trading

ClassSymbolExchange
Units, each consisting of one Ordinary Share, $0.001 par value, one redeemable warrant, and one rightMSSUF
Ordinary Shares, $0.001 par valueMSSAF
Redeemable warrants, each warrant exercisable for one Ordinary Share at an exercise price of $11.50 per shareMSSWF
Rights to receive one-tenth (1/10th) of one Ordinary ShareMSSRF

From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Metal Sky Star Acquisition Corp names in Item 1A of its 10-K filed Mar 31, 2026: 52 risks under these headings, as written.4

  • As a smaller reporting company, we are not required to include risk factors in this Annual Report. However, we have listed out various risks as set forth below that could have a material effect on the Company and its operations.
  • Risks Relating to a Potential Business Acquisition
  • Nasdaq Rule 5815 was amended effective October 7, 2024 to provide for immediate suspension and delisting for failure to meet the 36-month requirement in Nasdaq Rule IM 5101-2(b) to complete a business combination, and the Company’s securities were suspended from trading on Nasdaq upon receiving a delisting determination letter from Nasdaq after the 36-month window ended on December 13, 2024.
  • Extending the deadline for completing our business combination beyond August 5, 2024, contradicted our previously in effect amended and restated memorandum and articles of association and the disclosures in our IPO prospectus, prior to the extraordinary general meeting held on November 12, 2024, and could increase uncertainty and market risks, potentially diminishing shareholder value and the success of a business combination.
  • The proposed extension presented at the extraordinary general meeting held on November 12, 2024 contradicted the Investment Management Trust Agreement with Wilmington Trust, National Association, as amended by the Amendment Agreement, dated October 31, 2023.
  • Our public shareholders may not be afforded an opportunity to vote on our initial business combination, which means we may complete our initial business combination even though a majority of our public shareholders do not support such a combination.
  • The ability of our public shareholders to redeem their shares for cash may make our financial condition unattractive to potential business combination targets, which may make it difficult for us to enter into an initial business combination with a target.
  • The ability of our public shareholders to exercise redemption rights with respect to a large number of our shares may not allow us to complete the most desirable business combination or optimize our capital structure.
  • The ability of our public shareholders to exercise redemption rights with respect to a large number of our shares could increase the probability that our initial business combination would be unsuccessful and that you would have to wait for liquidation in order to redeem your shares.
  • The requirement that we complete our initial business combination within the prescribed timeframe may give potential target businesses leverage over us in negotiating an initial business combination and may decrease our ability to conduct due diligence on potential business combination targets as we approach our dissolution deadline, which could undermine our ability to complete our initial business combination on terms that would produce value for our shareholders.
  • We may not be able to complete our initial business combination within the prescribed time frame, in which case we would cease all operations except for the purpose of winding up and we would redeem our public shares and liquidate.
  • If we seek shareholders’ approval of our initial business combination, our Sponsor, directors, officers, advisors or any of their respective affiliates may elect to purchase shares or warrants from public shareholders, which may influence a vote on an initial business combination and reduce the public “float” of our securities.
The other 41 risks
  • If a shareholder fails to receive notice of our offer to redeem our public shares in connection with our initial business combination, or fails to comply with the procedures for tendering its shares, such shares may not be redeemed.
  • As the number of special purpose acquisition companies evaluating increases, attractive targets may become scarcer and there may be more competition for attractive targets. This could increase the cost of our initial business combination or compromise our ability to consummate an initial business combination.
  • Because of our special purpose acquisition company structure, limited resources and the significant competition for business combination opportunities, it may be more difficult for us to complete our initial business combination. If we do not complete our initial business combination, our public shareholders may receive only approximately $10.00 per share on our redemption of our public shares, or less than such amount in certain circumstances.
  • If third parties bring claims against us, the proceeds held in the trust account could be reduced and the per-share redemption amount received by shareholders may be less than $10.00 per share.
  • Involvement of members of our management and companies with which they are affiliated in civil disputes and litigations, governmental investigations or negative publicity unrelated to our business affairs could materially impact our ability to consummate an initial business combination.
  • If, after we distribute the proceeds in the trust account to our public shareholders, we file a winding-up or bankruptcy petition or an involuntary winding-up or bankruptcy petition is filed against us that is not dismissed, a bankruptcy court may seek to recover such proceeds, and our Board members may be viewed as having breached their fiduciary duties to our creditors, thereby exposing our Board members and us to claims of punitive damages.
  • If, before distributing the proceeds in the trust account to our public shareholders, we file a winding-up or bankruptcy petition or an involuntary winding-up or bankruptcy petition is filed against us that is not dismissed, the claims of creditors in such proceeding may have priority over the claims of our shareholders and the per-share amount that would otherwise be received by our shareholders in connection with our liquidation may be reduced.
  • If we are deemed to be an investment company under the Investment Company Act, we may be required to institute burdensome compliance requirements and our activities may be restricted, which may make it difficult for us to complete our initial business combination.
  • Changes in laws or regulations, or a failure to comply with any laws and regulations, may adversely affect our business, including our ability to negotiate and complete our initial business combination, and results of operations.
  • If we have not completed our initial business combination within 36 months of the closing of the initial public offering or during any extension period, our public shareholders may be forced to wait beyond such time frame before redemption from our trust account.
  • Our shareholders may be held liable for claims by third parties against us to the extent of distributions received by them upon redemption of their shares.
  • We may not hold an annual general meeting until after the consummation of our initial business combination.
  • Any shareholders who choose to remain shareholders following our initial business combination could suffer a reduction in the value of their securities.
  • Although we have identified general criteria and guidelines that we believe are important in evaluating prospective target businesses, we may enter into our initial business combination with a target that does not meet such criteria and guidelines, and as a result, the target business with which we enter into our initial business combination may not have attributes consistent with our general criteria and guidelines.
  • We may seek business combination opportunities with a financially unstable business or an entity lacking an established record of revenue, cash flow or earnings, which could subject us to volatile revenues, cash flows or earnings or difficulty in retaining key personnel.
  • We are not required to obtain an opinion from an independent investment banking firm or another entity that commonly renders valuation opinions and, consequently, you may have no assurance from an independent source that the price we are paying for a target business is fair to our Company from a financial point of view.
  • Our initial business combination or reincorporation may result in taxes imposed on shareholders or warrant holders.
  • Resources could be wasted in researching business combinations that are not completed, which could materially adversely affect subsequent attempts to locate and acquire or merge with another business. If we do not complete our initial business combination, our public shareholders may receive only approximately $10.00 per share, or less than such amount in certain circumstances, on the liquidation of our trust account.
  • We may engage in a business combination with one or more target businesses that have relationships with entities that may be affiliated with our Sponsor, directors or officers which may raise potential conflicts of interest.
  • We may issue notes or other debt securities, or otherwise incur substantial debt, to complete an initial business combination, which may adversely affect our leverage and financial condition and thus negatively impact the value of our shareholders’ investment in us.
  • We may complete one business combination which will cause us to be solely dependent on a single business which may have a limited number of services and limited operating activities. This lack of diversification may negatively impact our operating results and profitability.
  • We may attempt to concurrently complete business combinations with multiple prospective targets, which may hinder our ability to complete our initial business combination and give rise to increased costs and risks that could negatively impact our operations and profitability.
  • We may attempt to complete our initial business combination with a private company about which little information is available, which may result in a business combination with a company that is not as profitable as we suspected, if at all.
  • We do not have a specified maximum redemption threshold. The absence of such a redemption threshold may make it possible for us to complete a business combination with which a substantial majority of our shareholders do not agree.
  • In order to effectuate an initial business combination, blank check companies have, in the recent past, amended various provisions of their charters and other governing instruments. We cannot assure you that we will not seek to amend our amended and restated certificate of incorporation or governing instruments in a manner that will make it easier for us to complete our initial business combination that some of our shareholders may not support.
  • We may be unable to obtain additional financing to complete our initial business combination or to fund the operations and growth of a target business, which could compel us to restructure or abandon a particular business combination.
  • Because we must furnish our shareholders with target business financial statements, we may lose the ability to complete an otherwise advantageous initial business combination with some prospective target businesses.
  • We may issue shares to investors in connection with our initial business combination at a price that is less than the prevailing market price for our ordinary shares.
  • Risks Relating to the Post-Business Combination Company
  • Subsequent to the completion of our initial business combination, we may be required to take write-downs or write-offs, restructuring and impairment or other charges that could have a significant negative effect on our financial condition, results of operations and our share price, which could cause you to lose some or all of your investment.
  • The officers and directors of an acquisition candidate may resign upon completion of our initial business combination. The loss of a business combination target’s key personnel could negatively impact the operations and profitability of our post-combination business.
  • Our management may not be able to maintain control of a target business after our initial business combination. We cannot provide assurance that, upon loss of control of a target business, new management will possess the skills, qualifications or abilities necessary to profitably operate such business.
  • We may have a limited ability to assess the management of a prospective target business, and as a result, may effect our initial business combination with a target business whose management may not have the skills, qualifications or abilities to manage a public company.
  • Risks Relating to Acquiring and Operating a Business in Foreign Countries
  • If we pursue a target company with operations or opportunities outside of the United States for our initial business combination, we may face additional burdens in connection with investigating, agreeing to and completing the initial business combination and would also be subject to a variety of additional risks that may negatively impact our operations.
  • We may reincorporate in another jurisdiction in connection with our initial business combination and such reincorporation may result in taxes imposed on shareholders or warrant holders.
  • We may reincorporate in another jurisdiction in connection with our initial business combination, and the laws of such jurisdiction may govern some or all of our future material agreements and we may not be able to enforce our legal rights.
  • We are subject to changing law and regulations regarding regulatory matters, corporate governance and public disclosure that have increased both our costs and the risk of non-compliance.
  • If our management following our initial business combination is unfamiliar with United States securities laws, they may have to expend time and resources becoming familiar with such laws, which could lead to various regulatory issues.
  • Corporate governance standards in foreign countries may not be as strict or developed as in the United States and such weakness may hide issues and operational practices that are detrimental to a target business.
  • Exchange rate fluctuations and currency policies may cause a target business’ ability to succeed in the international markets to be diminished.
  • Regional hostilities, terrorist attacks, communal disturbances, civil unrest and other acts of violence or war may result in a loss of investor confidence and a decline in the value of our securities and trading price of our shares following our business combination.
  • After our initial business combination, substantially all of our assets may be located in a foreign country and substantially all of our revenue will be derived from our operations in such country. Accordingly, our results of operations and prospects will be subject, to a significant extent, to the economic, political and legal policies, developments and conditions in the country in which we operate.

Legal proceedings

As of December 31, 2025, there is no material litigation, arbitration or governmental proceeding currently pending against us or any members of our management team in their capacity as such.

The opening of Item 3, Legal Proceedings.4

Sources

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    SEC EDGAROther events
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    SEC EDGAROther events
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