Brief: Future Dao Enters Into Definitive Merger Agreement With Metal Sky Star Acquisition Corporation

Metal Sky Star Acquisition

12/04/2023 15:08

April 12 (Reuters) - Metal Sky Star Acquisition Corp
 MSSA.O :
    * FUTURE DAO ENTERS INTO DEFINITIVE MERGER AGREEMENT
WITH METAL
SKY STAR ACQUISITION CORPORATION
    * METAL SKY STAR ACQUISITION CORP - PROPOSED TRANSACTION
VALUES
FUTURE DAO AT A PRE-TRANSACTION VALUATION OF $350 MILLION
    * METAL SKY STAR ACQUISITION CORP - PROPOSED DEAL FOR
US$10.00 PER
SHARE
    * METAL SKY STAR ACQUISITION CORP - BOARD OF DIRECTORS OF
BOTH
FUTURE DAO AND MSSA HAVE UNANIMOUSLY APPROVED PROPOSED
TRANSACTION
    * METAL SKY STAR ACQUISITION CORP - UPON CLOSE, 
SHAREHOLDERS OF
FUTURE DAO TO HOLD A MAJORITY OF OUTSTANDING SHARES AND VOTING
POWER OF COMBINED CO
    * METAL SKY STAR ACQUISITION CORP - FUTURE DAO WILL
DESIGNATE A
MAJORITY OF MEMBERS OF BOARD OF DIRECTORS OF COMBINED COMPANY
    * METAL SKY STAR ACQUISITION CORP- FUTURE DAO INTENDS TO USE
AVAILABLE PROCEEDS FROM PROPOSED TRANSACTION TO INVEST IN
BITCOIN MINING HOSTING FACILITIES
    * METAL SKY STAR ACQUISITION CORP - FUTURE DAO IS IN PROCESS
OF
ESTABLISHING ITS BITCOIN MINING OPERATIONS IN CENTRAL ASIA
    * METAL SKY STAR ACQUISITION CORP- FUTURE DAO INTENDS TO USE
DEAL
PROCEEDS TO BUY ADDITIONAL BITCOIN MINING MACHINES WITH HIGH
COMPUTING POWER

Source text for Eikon:  ID:nGNX6c5y6J 
Further company coverage:  MSSA.O 

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