Exhibit 99.1 Metal Sky Star Acquisition Corporation Announces Plan to Liquidate NEW YORK, September 22, 2026 - Metal Sky Star Acquisition Corporation (the “Company”) today announced that it will not be able to consummate an initial business combination by October 4, 2026, and pursuant to its Amended and Restated Memorandum and Articles of Association, the Company intends to liquidate promptly. It is currently expected that public shareholders will receive approximately $16.41 per share from the trust account of the Company (i.e., after payment of taxes and up to $50,000 of interest to pay dissolution expenses) on or about October 2, 2026. Beneficial owners of the Company’s ordinary shares held in “street name” will not need to take any action in order to receive the redemption amount. The Company’s sponsor waived its redemption rights with respect to its outstanding founder shares and private placement shares. There will be no liquidating distributions with respect to the Company’s rights and redeemable warrants. The Company expects that the last day of trading of the Company’s ordinary shares, redeemable warrants and units (collectively, the “Securities”) on the OTC Markets wi…
Open exhibit ↗Current Report · Items 8.01, 9.01 · 8-K
Metal Sky Star Acquisition Corp
MSSAFOTCEQUITYCurrent
Other Events
Item 8.01 Other Events. On September 22, 2026, Metal Sky Star Acquisition Corporation’s (the “ Company ”) announced that it will not seek an extension of the time to complete an initial business combination by October 4, 2026, and pursuant to the Company’s Amended and Restated Memorandum and Articles of Association, the Company’s Board of Directors (the “ Board ”) has determined to (i) as promptly…
Company context
Current securities
Recent company filings
- Changes in Registrant's Certifying AccountantSep 17, 2026
- NT 10-Q filingAug 14, 2026
- 10-Q filingMay 15, 2026
- Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory ArrangementsMar 26, 2026
- Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory ArrangementsMar 24, 2026
Disclosure sections
Item 8.01Item 8.01 - Other Events
Item
8.01 Other Events.
On
September 22, 2026, Metal Sky Star Acquisition Corporation’s (the “ Company ”) announced that it will not seek
an extension of the time to complete an initial business combination by October 4, 2026, and pursuant to the Company’s Amended
and Restated Memorandum and Articles of Association, the Company’s Board of Directors (the “ Board ”) has determined
to (i) as promptly as reasonably possible but no more than ten (10) business days thereafter to redeem the public shares or distribute
the trust account to the holders of public shares, on a pro rata basis, in cash at a per-share amount equal to the aggregate amount on
deposit in the trust account, but net of taxes payable and excluding up to US$50,000 of any interest earned to pay liquidation expenses
(but including remaining interest) divided by the number of then outstanding public shares; and (ii) as promptly as practicable, to cease
all operations except for the purpose of making such distribution and any subsequent winding up of the Company’s affairs.
The
Company’s directors unanimously approved amongst others, the termination of the Company’s business as a special purpose acquisition
company and cease all operations except the winding up of the Company’s operations; the de-registration of the Company’s
securities with the Securities and Exchange Commission (the “ SEC ”); the de-listing of the Company’s securities
from its current trading market; the liquidation of the trust account established by the Company upon the consummation of the IPO; the
redemption of the outstanding public ordinary shares; the cancelation of the rights and warrants issued by the Company in its initial
public offering; the cancellation of the private placement units held by M-Star Management Corporation, the Company’s sponsor (the
“ Sponsor ”); and to commence its voluntarily liquidation of the Company upon completion of all the above or other steps.
The Board also determined to cease the operations of its audit, compensation, and nominating committees.
In
order to provide for the disbursement of funds from the Company’s trust account, the Company will instruct Wilmington Trust, National
Association, as trustee, to take all necessary actions to liquidate the assets held in the trust account. The proceeds thereof, less
$50,000 of interest to pay dissolution expenses and net of taxes payable, will be held in a trust operating account while awaiting disbursement
to the public holders of the Ordinary Shares (the “ Redemption Amount ”). All other costs and expenses associated with
implementing the Company’s plan of dissolution will be funded from proceeds held outside of the trust account.
The
Company’s Sponsor has waived its redemption rights with respect to the outstanding founder shares and private placement units.
After the redemption is complete, the Company shall cease all operations except for those required to wind up the Company’s business.
The
Company intends to file a Form 15 Certification and Notice of Termination of Registration with the SEC, requesting that the Company’s
reporting obligations under Sections 13 and 15(d) of the Exchange Act be terminated with respect to the Securities.
Forward-Looking
Statements
This
Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended, that involve risks, uncertainties, and assumptions that are difficult
to predict. All statements other than statements of historical fact contained in this Current Report on Form 8-K, including statements
regarding future events, our future financial performance, business strategy, and plans and objectives of management for future operations,
are forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including “anticipates,”
“believes,” “can,” “continue,” “could,” “estimates,” “expects,”
“intends,” “may,” “plans,” “potential,” “predicts,” or “should,”
or the negative of these terms or other comparable terminology. The forward-looking statements made herein are based on the Company’s
current expectations and assumptions about future events and are based on currently available information as to the outcome and timing
of future events. Actual results could differ materially from those described or implied by such forward-looking statements as a result
of various important factors, including, without limitation, its limited operating history, competitive factors in the Company’s
and Force’s industry and market, and other general economic conditions. The forward-looking statements made herein are based on
the Company’s current expectations, assumptions, and projections, which could be incorrect. The forward-looking statements made
herein speak only as of the date of this Current Report on Form 8-K and the Company undertakes no obligation to update publicly such
forward-looking statements to reflect subsequent events or circumstances, except as otherwise required by law. The Company cautions you
that these forward-looking statements are subject to all of the risks and uncertainties, most of which are difficult to predict and many
of which are beyond the control of the Company. Additional information concerning these and other factors that may impact the operations
and projections discussed herein can be found in the Company’s periodic filings with the SEC, including its Annual Report on Form
10-K for the fiscal year ended December 31, 2025, and its subsequent Quarterly Report on Form 10-Q. The Company’s SEC filings are
available publicly on the SEC’s website at http://www.sec.gov.