10:52 AM EDT, 10/01/2024 (MT Newswires) -- Metal Sky Star Acquisition ( MSSA ) said Tuesday that it signed a non-binding letter of intent for a business combination with Okidoki, a general classifieds platform in Estonia.

Terms of the LOI place Okidoki's total equity value at $120 million and require the platform's shareholders to roll all of their stake into the combined entity, according to Metal Sky.

Metal Sky said it expects to execute a definitive agreement in Q4 and any transaction would require, among the customary conditions, approval of the shareholders and boards of both companies.

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