Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 1482

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 1482
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 (A) to modify the substance or timing
of obligation to provide for the redemption of public shares in connection with an initial business combination or to redeem 100% of
public shares if the Company have not consummated the initial business combination within the timeframe set forth therein or (B) with
respect to any other provision relating to shareholders’ rights or pre-initial business combination activity and (iii) to waive
their rights to liquidating distributions from the Trust Account with respect to their founder shares and private placement shares if
the Company fail to complete the initial business combination within 15 months from the closing of this offering (although they will
be entitled to liquidating distributions from the Trust Account with respect to any public shares they hold if the Company fail to complete
the initial business combination within the prescribed time frame).

The
Company will have until October 26, 2025 initially to consummate a Business Combination. However, if the Company anticipates that it
may not be able to consummate a Business Combination within 15 months, if we seek shareholder approval for an extension, our public shareholders
will be offered an opportunity to redeem their shares at a per share price, payable in cash, equal to the aggregate amount then on deposit
in the trust account, including interest (net of taxes payable), divided by the number of then issued and outstanding public shares,
subject to applicable laws.

If
the Company is unable to complete a Business Combination within the Combination Period, the Company will (i) cease all operations except
for the purpose of winding up, (ii) as promptly as reasonably possible but no more than ten business days thereafter, redeem 100% of
the outstanding Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account,
including interest earned (net of taxes payable), which redemption will completely extinguish public shareholders’ rights as shareholders
(including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably
possible following such redemption, subject to the approval of the remaining shareholders and the Company’s board of directors,
proceed to commence a voluntary liquidation and thereby a formal dissolution of the Company, subject in each case to its obligations
to provide for claims of creditors and the requirements of applicable law. The underwriters have agreed to waive its rights to the deferred
underwriting commission held in the Trust Account in the event the Company does not complete a Business Combination within the Combination