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Recognizing these challenges, the company is diligently working to secure all necessary clearances.In support of these efforts, shareholders have approved an additional nine-month extension to complete the transaction. This extended timeline will allow Metal Sky Star to finalize the necessary regulatory approvals and strategic steps.Furthermore, discussions with NASDAQ have confirmed that while trading in Metal Sky Star’s shares will transition to the OTC market, once the final government approval is obtained and the transaction is completed, the 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Sky Star Acquisition Corporation Announces Receipt of Letter from Nasdaq Regarding Failure to Complete Initial Business Combination","url":"https://stock-news.laohu8.com/highlight/detail?id=2524208326","media":"GlobeNewswire","labels":["merge"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2524208326?lang=en_us&edition=fundamental","pubTime":"2025-04-04 19:00","pubTimestamp":1743764400,"startTime":"0","endTime":"0","summary":"New York, NY, April 04, 2025  -- On April 2, 2025, Metal Sky Star Acquisition Corporation, a Cayman Islands exempted company,  received a letter  from the Listing Qualifications Department of the Nasdaq Stock Market LLC  stating that  the Staff has determined that the Company’s securities will be delisted from The Nasdaq Stock Market;  trading of the Company’s Ordinary Shares, Units, Rights, and Warrants will be suspended at the opening of business on April 9, 2025; and  a Form 25-NSE will be filed with the Securities and Exchange Commission , which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market. Pursuant to Nasdaq Listing Rule IM-5101-2, a special purpose acquisition company must complete one or more business combinations within 36 months of the effectiveness of its IPO registration statement. Since the Company failed to complete its initial business combination by March 31, 2025, the Company did not comply with IM-5101-2, and its 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