Future Dao Group Holding Limited (“Future Dao”), a blockchain company with a focus on bitcoin mining, and Metal Sky Star Acquisition Corporation (Nasdaq: MSSA) (“MSSA”), a blank check company formed for the purpose of acquiring one or more businesses or entities, announced today that they have entered into a definitive merger agreement (the “Merger Agreement”). As contemplated by the Merger Agreement, following the closing of the merger (the “Proposed Transaction”), Future Dao will operate through a publicly-traded holding company listed on the Nasdaq Stock Market.
Future Dao is in the process of establishing its Bitcoin mining operations in Central Asia. Future Dao intends to own and operate approximately 26,100 Bitcoin mining machines with an aggregate computing power of over 2.9197 Ehash/s by the first anniversary of the completion of the Proposed Transaction.
Becker & Poliakoff LLP and Ogier (Cayman) LLP are acting as legal advisors to MSSA. King & Wood Mallesons and Conyers Dill & Pearman LLP are acting as legal advisors to Future Dao.
Corporate team members included Bill Huo, Michael A. Goldstein , Robert C. Brighton, Jr., and Valeria Angelucci.
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