Man Chak Leung - Apr 5, 2022 Form 4 Insider Report for Metal Sky Star Acquisition Corp (MSSA)

Role: CEO and Director, Director, 10%+ Owner
Signature: /s/ Man Chak Leung
Stock symbol: MSSA
Transactions as of: Apr 5, 2022
Transactions value $: $3,300,000
Form type: 4
Date filed: 4/7/2022, 01:48 PM
Previous filing: Mar 31, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MSSA	Ordinary shares, $0.001 par value	Purchase	$3.3M	+330K	+11.48%	$10.00	3.21M	Apr 5, 2022	See footnote	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MSSA	Warrants to purchase ordinary shares	Purchase		+330K			330K	Apr 5, 2022	Ordinary Shares	330K	$11.50	See footnote	F1, F2, F3, F4
transaction	MSSA	Rights to receive ordinary shares	Purchase		+330K			33K	Apr 5, 2022	Ordinary Shares	33K	$0.00	See footnote	F1, F2, F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	M-Star Management Corporation (the "Sponsor"), over which Leung Man Chak has voting and dispositive power, is the record holder of the securities reported herein. The Reporting Person is the sole owner of the voting securities of the Sponsor and may be deemed to share beneficial ownership of the securities of Metal Sky Star Acquisition Corporation held of record by the Sponsor. However, Mr. Leung disclaims any such beneficial ownership except to the extent of any pecuniary interest therein.
F2	The Sponsor purchased 330,000 units, at a purchase price of $10 per unit, each unit consisting of one ordinary share, one right to receive one-tenth (1/10th) of one ordinary share and one warrant to purchase one ordinary share.
F3	The warrants become exercisable on the later of (i) the completion of the registrant's initial business combination and (ii) 12 months from the closing of the registrant's initial public offering.
F4	The warrants expire 5 years after the completion of the registrant's initial business combination or earlier upon redemption or liquidation, as described in the registrant's prospectus filed with the SEC.
F5	Each holder of a right will receive one-tenth (1/10) of an ordinary share upon consummation of the registrant's initial business combination.
F6	The rights will expire upon liquidation if the registrant is unable to complete an initial business combination within the required time period as described in the registrant's prospectus filed with the SEC.