---
title: "Metal Sky Star Acquisition 10-K: $0 Revenue, $(0.31) EPS, Net loss $(553,581)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281228406.md"
description: "Metal Sky Star Acquisition reported no revenue for the year ending December 31, 2025, with a net loss of $553,581 and a loss per share of $0.31. The company, a Cayman Islands blank-check vehicle, has not commenced operations and generated no gross profit. Its previous year included a net income of $923,146 from interest and unrealized gains. The company has extended its deadline for completing a business combination to January 5, 2027, while engaging in IPO preparations and target identification activities."
datetime: "2026-03-31T18:15:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281228406.md)
  - [en](https://longbridge.com/en/news/281228406.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281228406.md)
---

# Metal Sky Star Acquisition 10-K: $0 Revenue, $(0.31) EPS, Net loss $(553,581)

Metal Sky Star Acquisition reported no operating revenue for the year ended December 31, 2025, and recorded a net loss of $553,581 (basic and diluted loss per non-redeemable ordinary share: $0.31), reflecting costs associated with administrative and professional activities. The company remains a Cayman Islands blank-check vehicle that has not commenced operations and generated no gross profit. Its prior-year results included a net income driven by interest and unrealized gains from Trust investments.

**Financial Highlights**

-   **Revenue**: $0 — the company has neither engaged in operations nor generated operating revenues to date.
-   **Operating Income**: Loss from operations of $(670,668) for the year ended December 31, 2025, primarily reflecting administrative and professional costs.
-   **Net Income**: Net loss of $(553,581) for the year ended December 31, 2025; prior year reported net income of $923,146 (included interest and unrealized gains).
-   **Net Income Per Share**: Non-redeemable ordinary shares, basic and diluted net loss per share of $(0.31) for the year ended December 31, 2025.

**Business Highlights**

-   **Business Model**: Operates as a Cayman Islands blank-check (SPAC) formed to complete one or more business combinations and has not generated operating revenue.
-   **Operational Activity**: Primary activities during the period included IPO preparation, sponsor services, due diligence and target identification; interest income from Trust investments provided non-operating income.
-   **Major Milestones**: Completed an IPO and a private unit sale; entered and subsequently terminated a merger agreement; executed letters of intent with Okidoki and Fedilco as potential combination targets.
-   **Timing & Outlook**: Extended deadlines for completing a business combination through January 5, 2027, providing additional time to finalize a target and complete a transaction.

Original SEC Filing: Metal Sky Star Acquisition Corp \[ MSSAF \] - 10-K - Mar. 31, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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