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

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 25
---
31, 2024, we have no revenue before the  business combination, and our business plan is dependent on the completion
of a financing transaction. Our cash and working capital as December 31, 2024 are insufficient to complete its business combination for
the upcoming year if the full 12 months been extended. Therefore, there is Going Concern issues that we will not have sufficient liquidity
to meet our probable cash needs over the next 12 months.

If
we are unable to consummate a business combination, our public shareholders may be forced to wait more than 15 months before receiving
liquidation distributions.

We
will have 15 months from the closing of our initial public offering to complete a business combination. We have no obligation to return
funds to investors prior to such date unless we consummate a business combination prior thereto and only then in cases where investors
have sought to convert their shares. Only after the expiration of this full time period will public shareholders be entitled to liquidation
distributions if we are unable to complete a business combination. Accordingly, investors’ funds may be unavailable to them until
after such date and to liquidate your investment, you may be forced to sell your securities potentially at a loss.

In
order to effectuate an initial business combination, blank check companies have, in the recent past, amended various provisions of their
charters and other governing instruments. We may seek to amend our amended and restated memorandum and articles of association or governing
instruments in a manner to make it easier for us to complete our initial business combination, which our shareholders may not support.

In
order to effectuate a business combination, blank check companies have, in the recent past, amended various provisions of their charters
and governing instruments. For example, blank check companies have amended the definition of business combination, increased redemption
thresholds, and extended the time to consummate a business combination. Amending our amended and restated memorandum and articles of
association will require at least a special resolution of our shareholders as a matter of Cayman Islands law, meaning the approval by
(1) holders of at least two-thirds of our ordinary shares who attend and vote at a general meeting of the company, or (2) a unanimous
written resolution of all of our shareholders. We cannot assure you that we will not seek to amend our amended and restated memorandum
and articles of association or governing instruments or extend the time to consummate an initial business combination in order to effectuate
our