Metal Sky Star Acquisition Corporation Announces Receipt of Notice from Nasdaq Regarding Filing of Annual Report on Form 10-K
June 06 2024 - 3:30PM
Metal Sky Star Acquisition Corporation. (Nasdaq: MSSA) (the
“Company”) announced that it has received a notice (the “Notice”)
from The Nasdaq Stock Market LLC (“Nasdaq”) stating that because
the Company has not yet filed its Form 10-K for the period ended
December 31, 2023 and its Form 10-Q for the period ended March 31,
2024, the Company is no longer in compliance with Nasdaq Listing
Rule 5250(c)(1), which requires listed companies to timely file all
required periodic financial reports with the Securities and
Exchange Commission (the “SEC”).
This notification has no immediate effect on the
listing of the Company’s shares on Nasdaq. However, if the Company
fails to timely regain compliance with the Nasdaq Listing Rule, the
Company’s securities will be subject to delisting from Nasdaq.
Under Nasdaq rules, the Company has 60 calendar
days to submit to Nasdaq a plan to regain compliance with the
Nasdaq Listing Rule. If Nasdaq accepts the Company’s plan, then
Nasdaq may grant the Company up to 180 days from the prescribed due
date for filing the Form 10-K and From 10-Q to regain compliance.
If Nasdaq does not accept the Company’s plan, then the Company will
have the opportunity to appeal that decision to a Nasdaq Hearings
Panel.
The Company is working diligently and expects to
file its Form 10-K and 10-Q within the 60-day period described
above, which would eliminate the need for the Company to submit a
formal plan to regain compliance.
This announcement is made in compliance with
Nasdaq Listing Rule 5810(b), which requires prompt disclosure of
receipt of a deficiency notification.
About Metal Sky Star Acquisition
Corporation
Metal Sky Star Acquisition Corporation is a
blank check company formed under the laws of the Cayman Islands for
the purpose of effecting a merger, share exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses.
Forward Looking Statements
This press release contains statements that
constitute “forward-looking statements”. Forward-looking statements
are subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk
Factors section of the Company’s registration statement and final
prospectus for the offering filed with the SEC. Copies are
available on the SEC’s website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
Company Contacts:
Wenxi HeChairman and Chief Executive Officer132 West 31st
Street, 9th Floor(332) 237-6141Email: Olivia.he@gmail.com
Source: Metal Sky Star Acquisition Corporation
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