Metal Sky Star Acquisition Corporation announced that it has issued a non-convertible promissory note for gross proceeds of up to $1,000,000 on January 3, 2023. The transaction involved participation from new investor, M-Star Management Corporation. The note do not bear any interest.

The note are repayable in full upon the earlier of December 31, 2023 or the date of the consummation of the Company?s initial business combination.