Company: DTSQ
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001641172-25-022963
Chunk: 71

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 71
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 exempted company with limited liability. We were
formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or
similar business combination with one or more businesses or entities, which we refer to as a “target business.” We are an
emerging growth company and, as such, we are subject to all of the risks associated with emerging growth companies.

On
July 26, 2024, we consummated the initial public offering of 6,900,000 units (“Units”), which includes the exercise in full
by the underwriters of their over-allotment option to purchase up to an additional 900,000 Units on July 25, 2024. Each Unit consists
of one ordinary share, par value $0.0001 per share (“Ordinary Share”), and one right (“Right”) to receive one-ninth
(1/9) of one Ordinary Share upon the consummation of an initial business combination. The Units were sold at an offering price of $10.00
per Unit, generating gross proceeds of $69,000,000. A.G.P./Alliance Global Partners (“A.G.P.”) served as the representative
of the underwriters of our initial public offering.

Simultaneously
with the closing of our initial public offering on July 26, 2024, we consummated the private placement with DT Cloud Star Management
Limited, the sponsor (“Sponsor”), of 206,900 private units at a price of $10.00 per private unit, generating total gross
proceeds of $2,069,000. As of July 26, 2024, a total of $69,000,000 of the net proceeds from our initial public offering were deposited
in a trust account established for the benefit of our public stockholders, with Wilmington Trust National Association acting as trustee.

18

Our
Units started to be listed on The Nasdaq Global Market (the “Nasdaq”) and began trading under the ticker symbol “DTSQU”
on July 25, 2024. On September 12, 2024, we announced that the holders of the Units may elect to separately trade the underlying component
securities of the Units commencing on September 16, 2024. Those Units not separated continue to trade on Nasdaq under the symbol “DTSQU,”
and each of the Ordinary Shares and Rights that have been separated trade on