Thu, May 15, 6:09 PM (28 days ago)
**Metal Sky Star Acquisition Corporation (MSSUF, MSSAF, MSSWF, MSSRF) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** No operating revenue generated; company is in pre-operational phase. - **Profit Margins:** Operating loss of $223,820 (Q1 2025) vs. $161,819 (Q1 2024). Net loss of $153,178 (Q1 2025) due to lower interest income and unrealized gains on trust account. - **Cash Flow:** Net cash used in operating activities: $nil (Q1 2025 & 2024). Net cash used in investing activities: $150,000 (Q1 2025) vs. $250,000 (Q1 2024). Net cash provided by financing activities: $150,000 (Q1 2025) vs. $250,000 (Q1 2024). - **Earnings Changes:** Net loss per share: $(0.10) (Q1 2025) vs. $(0.05) (Q1 2024). **Trends & Uncertainties:** - **Liquidity:** Company has a working capital deficit of $4,671,337 and an accumulated deficit of $7,549,542 as of March 31, 2025. - **Going Concern:** Substantial doubt about the company's ability to continue as a going concern if a business combination is not consummated. - **Delisting:** Securities were suspended from trading on Nasdaq and commenced trading on the OTC Pink Open Market due to failure to complete a business combination within 36 months. - **Future Operations:** Company is working to complete a business combination and may need to raise additional capital. **Future Impact:** - **Business Combination:** Company has extended the deadline to consummate a business combination to January 5, 2026. Failure to do so will result in mandatory liquidation. - **Financing:** Company may need to obtain additional financing to meet obligations or complete a business combination. - **Regulatory:** Company is subject to regulation in each state where it offers securities, which may make it more difficult and costly to complete a business combination.