MSSAF
Metal Sky Star Acquisition Corporation11.79
+0.00+0%
Aug 21, 10:21:51 AM EDT
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
38.50MP/E (TTM)
40.66Basic EPS (TTM)
0.29Dividend Yield
0%Recent Filings
10-Q
10-Q
Q2 FY2025 results
Metal Sky Star Acquisition Corporation posted a net loss of $198,020 for Q2 FY2025 ended June 30, 2025, widening from $392,165 income a year earlier, driven by formation and operational costs surging to $225,904 from $74,148 while trust interest income dropped to $25,052 from $311,583. Year-to-date through six months, the net loss hit $351,198 versus $689,185 profit last year, with trust assets shrinking to $861,784 from $6.7M amid heavy redemptions. No revenue yet, as it's a blank check company chasing a business combination. Liquidity stays tight with zero cash outside trust, offset by $3.0M in related-party promissory notes and $1.4M due to sponsor. Delisting from Nasdaq to OTC in April 2025 limits trading liquidity. Non-GAAP metrics not disclosed in the 10-Q. Trust erosion from redemptions poses merger hurdles.
10-Q
Q1 FY2025 results
Metal Sky Star Acquisition Corporation posted a net loss of $153,178 for Q1 FY2025 ended March 31, 2025, wider than the $297,020 profit a year earlier, driven by formation and operational costs climbing 38% y/y to $223,820 while trust account income dropped 85% y/y to $70,642 from lower balances after redemptions. Operating loss stood at $223,820, matching net after zero taxes, with no material gap to attribute. The trust holds $6.9M in marketable securities, bolstered by a $150K sponsor loan for extensions, yet cash remains nil amid a $4.7M working capital deficit. Shareholders extended the business combination deadline to January 2026 via April 2 vote, but Nasdaq delisted shares effective April 9, shifting to OTC markets. Non-GAAP metrics not disclosed in the 10-Q. Delisting curbs liquidity and merger appeal.
8-K
Nasdaq delisting hits Metal Sky
Metal Sky Star Acquisition Corporation faces Nasdaq delisting after missing its March 31, 2025 deadline for an initial business combination, with trading suspended on April 9, 2025. Shareholders approved extensions up to January 5, 2026, via nine one-month periods at $25,000 each, and removed redemption limits to aid a deal. The blank check firm eyes OTC listing. Delisting erodes liquidity.
10-K
FY2024 results
Metal Sky Star Acquisition Corporation, a blank check company, reported net income of $923,146 for FY2024 ended December 31, 2024, driven by $1.7M in interest and unrealized gains on trust assets, offset by $803K in formation costs—yet its trust balance dwindled to $6.7M after heavy redemptions. Q4 saw 2.65M shares redeemed at the November extension vote, slashing the public float to 552K shares and extending the business combination deadline to April 5, 2025, with monthly sponsor deposits of $50K. No revenue yet, but liquidity strains with a $4.3M working capital deficit funded by $2.8M in related-party notes. Shareholders face Nasdaq delisting risk if no deal closes by deadline.
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