Metal Sky Star Acquisition registered with the SEC to offer 10 million units at $10 each. A unit consists of one ordinary share, one right to receive one-tenth of a share and a warrant, exercisable at $11.50.
The new SPAC will concentrate on companies that have a connection to the Asian market.
Metal Sky Star is led by CEO and Director Man Chak Leung, the president and a director of Verity Acquisition since May. Since August 2019, he has been the general manager of China Seven Star Holdings Limited, an investment holding company focusing on consumer and healthcare sectors in China.
Ladenburg Thalmann is managing the offerring. The underwriters’ over-allotment option covers the purchase of up to an additional 1.5 million units.
The SPAC has applied for a Nasdaq listing, but has not selected a ticker symbol. Read more.
