Home / Going-concern warnings / Metal Sky Star Acquisition Corp

4/5Metal Sky Star Acquisition Corp (MSSAF): Going-concern doubt

Filed 2026-03-31 路 Form 10-K 路 Accession 0001493152-26-014005 nano

Market data

Price before filing: $12.5 (2026-03-30 close, split/dividend-adjusted)
Market cap at flag: $756,538 (2026-03-31) 路 Latest: $992,577 (2026-10-01)

What happened next

WindowMSSAFSPYvs SPY
30 days+0.0%+13.7%-13.7%2026-04-30
90 days+0.0%+17.6%-17.6%2026-06-29
180 days+31.2%+21.8%+9.4%2026-09-28

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Verified excerpt

"The Company has an accumulated deficit of $8,221,390 and a working capital deficit of $5,318,185 as of December 31, 2025, which raises substantial doubt about its ability to continue as a going concern."

Quoted from the filing. Source

What this means

The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.

Source: management disclosure in Form 10-K (period 2025-12-31)

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

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