MSSWF — what changed in the latest 10-Q
A section-by-section comparison of MSSWF's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-15 vs the prior 10-Q · 2025-11-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +1 | −4 | ~10 | 26 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 0 |
| Controls & procedures | Text added/removed | +1 | −2 | ~2 | 3 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | Text added/removed | +1 | −9 | 0 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-15
On December 30, 2025, we held an Extraordinary General Meeting of shareholders which approved the proposals to (i) amend the Company’s amended and restated memorandum and articles of association to extend the date by which the Company has to consummate a business combination up to twelve (12) times,…
Text removed vs the prior filing · source: 10-Q · 2025-11-14
As of September 30, 2025, 60,523 shares held by public shareholders remained outstanding.
On April 12, 2023, Metal Sky entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Future Dao Group Holding Limited, a Cayman Islands exempted company (the “Future Dao”), and Future Dao League Limited, a Cayman Islands exempted company and wholly owned subsidiary of Future Dao (…
On October 6, 2023, the parties to the Merger Agreement entered into a Termination of Agreement and Plan of Merger (the “Termination Agreement”), pursuant to which, among other things, the parties agreed to mutually terminate the Merger Agreement, pursuant to Section 10.01 (a) of the Merger Agreemen…
As a result of the Termination, the Merger Agreement will be of no further force and effect except as provided in Section 10.02 of the Merger Agreement, and the Transaction Agreements (as defined in the Merger Agreement) will either be terminated in accordance with their terms or be of no further fo…
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-05-15
To respond to this material weaknesses our plans at this time includes adding second approval which establish a dual-approval process to ensure proper segregation of duties, segregating transaction initiation, recording, and review responsibilities, and involving additional personnel or qualified th…
Text removed vs the prior filing · source: 10-Q · 2025-11-14
For the three and nine months ended September 30, 2025, Material Weaknesses are remediated. However we have identified a significant deficiency in our internal control over financial reporting relating to the journal entry processing and reviewing, which the management have not effectively and timel…
To respond to these material weaknesses, we have devoted and plan to continue to devote, significant effort and resources to the remediation and improvement of our internal control over financial reporting. While we have processes to identify and appropriately apply applicable accounting requirement…
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-05-15
As a smaller reporting company under Rule 12b-2 of the Exchange Act, we are not required to include risk factors in this Report. For additional risks relating to our operations, see the section titled “Risk Factors” contained in our Annual Report as filed with the SEC on March 31, 2026. Any of these…
Text removed vs the prior filing · source: 10-Q · 2025-11-14
Factors that could cause our actual results to differ materially from those in this Quarterly Report are any of the risks described in our final prospectus for our IPO filed with the SEC on April 4, 2022. Any of these factors could result in a significant or material adverse effect on our results of…
Nasdaq Rule 5815 was amended effective October 7, 2024 to provide for immediate suspension and delisting for failure to meet the 36-month requirement in Nasdaq Rule IM 5101-2(b) to complete a business combination, and our securities have been delisted from Nasdaq due to the failure to complete a bus…
Nasdaq Rule IM 5101-2 requires that a special purpose acquisition company complete one or more business combinations within 36 months of the effectiveness of its IPO registration statement, which, in the case of the Company, would be March 31, 2025. Nasdaq Rule IM 5810-1 provides that Nasdaq will in…
On April 2, 2025, we received a letter from the Listing Qualifications Department of Nasdaq stating that (i) the Staff has determined that our securities would be delisted from Nasdaq pursuant to Nasdaq Listing Rule IM-5101-2, since we failed to complete our initial business combination by March 31,…
We currently have our units, ordinary shares, rights and warrants traded on the OTCID Market, which could limit investors’ ability to make transactions in our securities and subject us to additional trading restrictions. We will no longer be attractive as a merger partner if it is no longer listed o…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice