Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 13

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 13
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 business
combination. As a result, if we sought shareholder approval of a proposed transaction we could need as little as 2,449,551 of
our public shares (or approximately 35.5% of our public shares) to be voted in favor of the transaction in order to have such transaction
approved (assuming that all issued and outstanding shares are voted and that the insiders do not purchase any units or shares in the
after-market).

None
of our officers, directors, initial shareholders or their affiliates has indicated any intention to purchase units or ordinary shares
in our initial public offering or
from persons in the open market or in private transactions (other than the private units). However, if we hold a meeting to approve a
proposed business combination and a significant number of shareholders vote, or indicate an intention to vote, against such proposed
business combination, our officers, directors, initial shareholders or their affiliates could make such purchases in the open market
or in private transactions in order to influence the vote. Notwithstanding the foregoing, our officers, directors, initial shareholders
and their affiliates will not make purchases of ordinary shares if the purchases would violate Section 9(a)(2) or Rule 10b-5 promulgated
under the Exchange Act, which are rules designed to stop potential manipulation of a company’s share. In addition, our officers,
directors, initial shareholders and their affiliates would structure such purchases to be in compliance with the requirements of Rule
14e-5 under the Exchange Act, including, in pertinent part, through adherence to the following:

13

    ●
    our
    registration statement/proxy statement filed for our business combination transaction would disclose the possibility that our sponsor,
    directors, officers, advisors or their affiliates may purchase shares from public shareholders outside the redemption process, along
    with the purpose of such purchases;

    ●
    if
    our sponsor, directors, officers, advisors or their affiliates were to purchase shares from public shareholders, they would do so
    at a price no higher than the price offered through our redemption process;

    ●
    our
    registration statement/proxy statement filed for our business combination transaction would include a representation that any of
    our securities purchased by our sponsor, directors, officers, advisors or their affiliates would not be voted in favor of approving
    the business combination transaction;

    ●
    our
    sponsor, directors, officers, advisors or their affiliates would not possess any redemption rights with respect to our securities
    or,