Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 939

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 939
---
 reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal
control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess
the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond
to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating
the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ UHY LLP

We have served as the Company’s auditor since 2024.

Irvine, California

March 31, 2025

F-2

DT
CLOUD STAR ACQUISITION CORPORATION

BALANCE
SHEETS

    December 31,2024  
    December 31, 2023 
  
    ASSETS 

    Current Assets: 

    Cash 
    $411,429  
    $- 
  
    Prepaid expenses 
     40,182  
     2,970 

    Total current assets 
     451,611  
     2,970 
  
    Cash and marketable securities held in trust 
     70,456,287  
     - 
  
    TOTAL ASSETS 
    $70,907,898  
    $2,970 

    LIABILITIES AND SHAREHOLDERS’ DEFICIT 

    Current liabilities: 

    Accrued expenses 
    $27,387  
    $- 
  
    Amount due to Sponsor 
     84,500  
     8,756 

    Total Current Liabilities 
     111,887  
     8,756 

    Deferred underwriting compensation 
     690,000  
     - 

    TOTAL LIABILITIES 
     801,887  
     8,756 

    Commitments and contingencies (Note 7) 
     -  
     - 
  
    Ordinary shares subject to possible redemption, 6,900,000 shares (at redemption price of $10.21 per share) 
     70,456,287  
     - 

    Shareholders’ deficit: 

    Ordinary shares, par value $0.