Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 24

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 24
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 million as of the end of that year’s second fiscal quarter, and (2) our annual revenues
equaled or exceeded $100 million during such completed fiscal year or the market value of our ordinary shares held by non-affiliates
equals or exceeds $700 million as of the end of that year’s second fiscal quarter.

Legal
Proceedings  

There
is no material litigation, arbitration or governmental proceeding currently pending against us or any of our officers or directors in
their capacity as such, and we and our officers and directors have not been subject to any such proceeding in the 12 months preceding
the date of this Report.

Item
1A. Risk Factors

An
investment in our securities involves a high degree of risk. You should consider carefully all of the risks described below, together
with the other information contained in this Report, before making a decision to invest in our securities. If any of the following events
occur, our business, financial condition and operating results may be materially adversely affected. In that event, the trading price
of our securities could decline, and you could lose all or part of your investment.

19

Risks
Relating to Our Search for, and Consummation of or Inability to Consummate a Business Combination

We
are a  blank check company with no operating history and no revenues, and, accordingly, you will not have any basis
on which to evaluate our ability to achieve our business objective.

We
are a  blank check company with no operating results to date. Therefore, our ability to commence operations is dependent upon obtaining
financing through the public offering of our securities. Since we do not have an operating history, you will have no basis upon which
to evaluate our ability to achieve our business objective, which is to acquire an operating business. We will not generate any revenues
until, at the earliest, after the consummation of a business combination. Further, our executive officers and directors and the majority
shareholder of our sponsor have ties to the PRC and/or are located in the PRC, which may make it more difficult for us to complete an
initial business combination with a target company outside of the PRC, and therefore, make it more likely that we will need to target
a business combination with a target company located in the PRC.

Our
independent registered public accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about
our ability to continue as a “going concern.”

As
of December