Company: DTSQ
Filing Date: 2025-12-02
Form Type: DEF 14A
Source: 0001493152-25-025645
Chunk: 5

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-12-02
Form: DEF 14A
Chunk 5
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ated Memorandum and Articles of Association and the Trust Agreement, the Company has the right to extend the Business Combination Period from December 26, 2025 to October 26, 2026 by depositing $75,000 for each one month extended. The purpose of the Trust Amendment Proposal is to allow DT Cloud Star to conserve sufficient funds for the business combination. Our Board has determined that it is in the best interests of our shareholders to lower the monthly extension fee to nil for all remaining public shares.

A quorum of shareholders is necessary to hold a valid meeting. A quorum will be present for the Extraordinary General Meeting if there are one or more shareholders representing not less than a majority of the Company’s ordinary shares present at the Meeting in person or by proxy. The affirmative vote of sixty-five percent (65%) of the Company’s ordinary shares entitled to vote which are present in person or by proxy at the Extraordinary General Meeting will be required to approve the Trust Amendment Proposal. The affirmative vote of a simple majority of the then outstanding ordinary shares of the Company will be required to approve the Adjournment Proposal.

Holders (“ public shareholders”) of DT Cloud Star’s ordinary shares (“ Public Shares”) sold in its initial public offering may elect to redeem their Public Shares for their pro rata portion of the funds available in the trust account in connection with the Trust Amendment Proposal (the “ Redemption Election”) regardless of how such public shareholders vote in regard to those amendments, or whether they were holders of DT Cloud Star’s Public Shares on the record date or acquired such shares after such date. This right of redemption is provided for and is required by DT Cloud Star’s Third Amended and Restated Memorandum and Articles of Association and DT Cloud Star also believes that such redemption right protects DT Cloud Star’s public shareholders from having to sustain their investments for an unreasonably long period if DT Cloud Star fails to find a suitable acquisition in the timeframe initially contemplated by its Third Amended and Restated Memorandum and Articles of Association. If the Trust Amendment Proposal is approved by the requisite vote of shareholders (and not abandoned), the remaining holders of Public Shares will retain their right to redeem their Public Shares for their pro rata portion of the funds available in the trust account upon consummation of a business combination.

If the Trust Amendment Proposal is approved, such approval will constitute consent for the Company to (i) remove from the trust account an amount (the “ Withdrawal Amount”) equal to the number of Public Shares properly redeemed in connection with the shareholder vote