Company: DTSQ
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010262
Chunk: 29

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 29
---
 demand registrations, excluding short form demands, that we register such securities. In addition,
the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to our
completion of initial business combination and rights to require us to register for resale such securities pursuant to Rule 415 under
the Securities Act. We will bear the expenses incurred in connection with the filing of any such registration statements.

Underwriting
Agreement

The
underwriters are entitled to a cash underwriting commission of 2.5% of the gross proceeds of the initial public offering upon the closing
of the initial business combination, including (1) $0.15 per unit, or $1,035,000 in the aggregate, payable to the underwriters in cash
upon the consummation of the initial public offering, and (2) $0.10 per unit, or $690,000 in the aggregate, for deferred underwriting
commissions that will be placed in the trust account as described in the final
prospectus related to the initial public offering and payable to the underwriters in cash upon
the consummation of the initial business combination. In addition, we agreed to issue 69,000 ordinary shares (the “Representative
Shares”) to Alliance Global Partners (“A.G.P.”) upon the consummation of the initial public offering as part of the
underwriting compensation in connection with the offering. On July 26, 2024 we issued 69,000 Representative Shares to A.G.P. at the closing
of our initial public offering, which have been received by A.G.P.

20

Administrative
Services Agreement

On
July 24, 2024, we entered into an agreement with the Sponsor, pursuant to which we agreed to pay the Sponsor a total of $10,000 per month
for secretarial and administrative support services provided to us through the earlier of consummation of the initial business combination
and our liquidation.

In
addition, our Sponsor, officers and directors, or any of their respective affiliates, will be reimbursed for any out-of-pocket expenses
incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on
suitable business combinations. There is no cap or ceiling on the reimbursement of out-of-pocket expenses incurred by such persons in
connection with activities on our behalf.

Critical
Accounting Policies and Estimates

The
preparation of financial statements and related disclosures in conformity with U.S.