Man Chak Leung - 05 Apr 2022 Form 4 Insider Report for Metal Sky Star Acquisition Corp (MSSAF)

Reporting relationship: CEO and Director, Director, 10%+ Owner
Issuer ticker: MSSAF
Reported as of: 05 Apr 2022
Net transaction value: +$3,300,000
SEC form: 4
Accepted by SEC: 07 Apr 2022, 13:48:51 UTC
Prior SEC filing: 31 Mar 2022
Source filing: View source filing
Reporting owner signature: /s/ Man Chak Leung

Key filing fact

Man Chak Leung filed Form 4 for Metal Sky Star Acquisition Corp (MSSAF) on 07 Apr 2022.

Key facts

This page summarizes Man Chak Leung's Form 4 filing for Metal Sky Star Acquisition Corp (MSSAF).
3 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 07 Apr 2022, 13:48.

Change

Previous filing in this sequence was filed on 31 Mar 2022.
Current net transaction value: +$3,300,000.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MSSA transaction

Ordinary shares, $0.001 par value

Purchase

Transaction value: $3,300,000
Shares: +330,000
Change %: +11%
Price: $10.00
Shares after: 3,205,000
Date: 05 Apr 2022
Ownership: See footnote
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MSSA transaction Derivative

Warrants to purchase ordinary shares

Purchase

Transaction value
Shares: +330,000
Change %
Price
Shares after: 330,000
Date: 05 Apr 2022
Ownership: See footnote
Underlying class: Ordinary Shares
Underlying amount: 330,000
Exercise price: $11.50
Footnotes: F1, F2, F3, F4

MSSA transaction Derivative

Rights to receive ordinary shares

Purchase

Transaction value
Shares: +330,000
Change %
Price
Shares after: 33,000
Date: 05 Apr 2022
Ownership: See footnote
Underlying class: Ordinary Shares
Underlying amount: 33,000
Exercise price: $0.000000
Footnotes: F1, F2, F5, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.