Company: DTSQ
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001641172-25-022963
Chunk: 53

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 53
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2025, the ordinary shares reflected in the balance sheet are reconciled in the following table:

SCHEDULED OF COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION

    Gross proceeds from public shares 
    $69,000,000 
  
    Less: 

    Proceeds allocated to public rights 
     (6,900,000)
  
    Allocation of offering costs related to ordinary shares 
     (1,958,237)
  
    Plus: 

    Accretion of carrying value to redemption value 
     8,858,237 
  
    Subsequent measurement of ordinary shares subject to possible redemption (interest and dividends earned in Trust Account) 
     2,936,152 
  
    Ordinary shares subject to possible redemption (plus any interest and dividends earned in the Trust Account) 
     71,936,152 

NOTE
4 – PRIVATE PLACEMENT

Simultaneously
with the closing of the Initial Public Offering, the Company consummated a private placement of 206,900 Private Placement Units, at a
price of $10.00 per Private Placement Unit. Each Private Placement Unit consists of one Private Placement Share and one right (“Private
Placement Right”). Each Private Placement Right will entitle the holder to receive one-ninth (1/9) ordinary share upon consummation
of the initial business combination.

The
Private Placement Units are identical to the Public Units sold in the Initial Public Offering except for certain registration rights
and transfer restrictions.

    14

DT
CLOUD STAR ACQUISITION CORPORATION

NOTES
TO UNAUDITED FINANCIAL STATEMENTS

NOTE
5 – RELATED PARTY TRANSACTIONS

Founder
Shares

On
November 29, 2022, the Company issued an aggregate of 1,725,000 founder shares (“Founder Shares”) to the initial shareholders,
so that the Sponsor collectively owned 20% of the Company’s issued and outstanding shares after the Initial Public Offering for
an aggregate purchase price of $25,000.

On
July 26, 2024, since the underwriter exercised the over-allotment in full, no Founder Shares are subject to forfeiture.

Representative
Shares

On
July 26, 2024, the Company issued 69,000 ordinary shares of $0.0001 par value each to A.G.P/Alliance Global Partners (“A.G.P.”)
(hereafter – the Representative Shares), at the closing of the IPO as part of representative