Metal Sky Star Acquisition said it was notified by the Nasdaq for non-compliance with listing rules for failure to file an annual report for the period ended Dec. 31 and a 10-Q for the period ended March 31.
The SPAC has 60 days either to file the reports or submit a plan to do so. If the exchange accepts the plan, the Nasdaq may grant up to 180 daysfrom due date for filing the reports to regain compliance.
Metal Sky Star said it expects to file the reports within the 60-day period.
The SPAC last November secured a deadline extension to Aug. 24 with redemptions of 43%.
Metal Sky Star last year terminated a deal with crypto miner Future Dao by mutual agreement. That deal had a pre-transaction valuation of $350 million. Read more.
