Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 39

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 39
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 combination, to demand that we convert its public
shares into a share of the trust account. Such conversion will be effectuated under Cayman Islands law and our amended and restated memorandum
and articles of association as a redemption of the shares, with the redemption price to be paid being the applicable pro rata portion
of the monies held in the trust account. We may require public shareholders who wish to convert their public shares in connection with
a proposed business combination to either tender their certificates (if any) to our transfer agent or to deliver their shares to the
transfer agent electronically using the Depository Trust Company’s (“DTC”) DWAC (Deposit/Withdrawal At Custodian) System,
at the holder’s option, at any time at or prior to the vote taken at the shareholder meeting relating to such business combination.
In order to obtain a physical share certificate, a shareholder’s broker and/or clearing broker, DTC and our transfer agent will
need to act to facilitate this request. It is our understanding that shareholders should generally allot at least two weeks to obtain
physical certificates from the transfer agent. However, because we do not have any control over this process or over the brokers or DTC,
it may take significantly longer than two weeks to obtain a physical share certificate. It is also our understanding that it takes a
short time to deliver shares through the DWAC System. However, this too may not be the case. Accordingly, if it takes longer than we
anticipate for shareholders to deliver their shares, shareholders who wish to convert may be unable to meet the deadline for exercising
their redemption rights and thus may be unable to convert their shares.

27

Investors
may not have sufficient time to comply with the delivery requirements for conversion.

Pursuant
to our amended and restated memorandum and articles of association, we are required to give a minimum of only five days’ notice
for each general meeting. As a result, if we require public shareholders who wish to convert their public shares into the right to receive
a pro rata portion of the funds in the trust account to comply with specific delivery requirements for conversion, holders may
not have sufficient time to receive the notice and deliver their shares for conversion. Accordingly, investors may not be able to exercise
their redemption rights and may be forced to retain our securities when they otherwise would not want to.

If
we require public shareholders who wish to convert their public shares to comply with the delivery requirements for conversion, such
converting shareholders may be unable