New SPAC firm Metal Sky Star Acquisition files for $100m IPO

New SPAC firm Metal Sky Star Acquisition files for $100m IPO

IPO

Metal Sky Star Acquisition, a blank check company targeting middle-market growth businesses, is looking to raise up to $100 million through an initial public offering, according to a filing with the US Securities Exchange Commission (SEC) last week.

The company plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock, one right to receive one-tenth of a share upon completion of an initial business combination, and one warrant to purchase one-half of a share, exercisable at $11.50.

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