Home / Going-concern warnings / Metal Sky Star Acquisition Corp
Filed 2025-05-15 路 Form 10-Q 路 Accession 0001641172-25-010713 nano
Price before filing: $10.03 (2025-05-14 close, split/dividend-adjusted)
Market cap at flag: $1.7M (2025-05-15) 路 Latest: $992,577 (2026-10-01)
| Window | MSSAF | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +17.2% | +2.6% | +14.7% | 2025-06-16 |
| 90 days | +17.5% | +10.1% | +7.5% | 2025-08-13 |
| 180 days | +17.5% | +16.9% | +0.6% | 2025-11-11 |
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.
"The Company has an accumulated deficit of $7,549,542 and a working capital deficit of $4,671,337 as of March 31, 2025, which raises substantial doubt about its ability to continue as a going concern."
Quoted from the filing. Source
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-Q (period 2025-03-31)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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