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Metal Sky Star Acquisition Corp
Metal Sky Star Acquisition Corp, a SPAC led by Mingyu Chen, targets technology and renewable energy sectors. Its merger with Lens Technology is pending.
Metal Sky Star Acquisition Corp
Metal Sky Star Acquisition Corp was founded in 2021 as a blank-check company based in New York. The sponsor is led by CEO Mingyu (Andy) Chen, whose background includes serving as a director at Boston International Group, a cross-border advisory firm. The SPAC raised $115 million in its initial public offering on the Nasdaq in 2022 (per SEC filings). The firm's investment mandate targets technology, renewable energy, and related growth sectors. In October 2023, Metal Sky Star announced a business combination with Lens Technology, a Chinese company specializing in electro-optical and infrared products for defense and civilian use (per the firm's press release). The transaction implies an enterprise value of approximately $300 million. The SPAC's leadership includes a small team of directors and officers. No additional offices beyond New York have been disclosed. Metal Sky Star's structure is typical of a SPAC with a post-merger operating company; it has not announced any philanthropic or capital deployment vehicles beyond this combination. The key structural differentiator for Metal Sky Star is its proposed target in the defense technology space, a sector that remains niche among U.S.-listed SPACs. The Lens Technology merger tests the ability of a Chinese-origin company to navigate U.S. regulatory scrutiny under CFIUS.
General information
Firm type
other
Year founded
2021
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Mingyu (Andy) Chen
CEO and Chairman
Sector focus
Frequently asked questions
Who is the CEO of Metal Sky Star Acquisition Corp?
Mingyu (Andy) Chen serves as CEO and Chairman. His background includes a directorship at Boston International Group and advisory roles in cross-border transactions (per SEC filings).
What is the target business lens for Metal Sky Star?
Metal Sky Star was formed to acquire a company in technology, renewable energy, or related high-growth sectors. Its only announced acquisition target is Lens Technology, a Chinese electro-optics and defense firm.
What deal has Metal Sky Star announced?
In October 2023, Metal Sky Star announced a business combination with Lens Technology, valuing the target at around $300 million enterprise value. The merger is pending stockholder and regulatory approval.
Is Metal Sky Star still a standalone SPAC?
As of the latest filings, Metal Sky Star remains a shell company pending the Lens Technology merger. It has not closed any other acquisitions.
Where is Metal Sky Star headquartered?
The firm lists New York, New York as its headquarters in SEC filings. No other office locations have been disclosed.
What regulatory risks does the Lens Technology deal face?
The proposed merger involves a Chinese target in defense-adjacent technology, which may attract review by CFIUS. The firm has not publicly addressed this.
How much capital did Metal Sky Star raise?
The SPAC raised $115 million in its IPO on Nasdaq in 2022 (per SEC filings). No additional capital has been publicly reported as raised.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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