M-Star Management Corp - 05 Apr 2022 Form 4 Insider Report for Metal Sky Star Acquisition Corp (MSSAF)

Role
10%+ Owner
Signature
M-Star Management Corporation, By: /s/ Man Chak Leung, Chief Executive Officer
Issuer symbol
MSSAF
Transactions as of
05 Apr 2022
Net transactions value
+$3,300,000
Form type
4
Filing time
07 Apr 2022, 13:49:30 UTC
Previous filing
31 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSSA Ordinary shares, $0.001 par value Purchase $3,300,000 +330,000 +11% $10.00 3,205,000 05 Apr 2022 Direct F1

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 +330,000 330,000 05 Apr 2022 Ordinary Shares 330,000 $11.50 Direct F1, F2, F3
transaction MSSA Rights to receive ordinary shares Purchase +330,000 33,000 05 Apr 2022 Ordinary Shares 33,000 $0.000000 Direct F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person acquired 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.
F2 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.
F3 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.
F4 Each holder of a right will receive one-tenth (1/10) of an ordinary share upon consummation of the registrant's initial business combination.
F5 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.