Company: DTSQ
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001641172-25-022963
Chunk: 63

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 63
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 of interest income from the amount held
in the trust account. We expect that we will incur increased expenses as a result of being a public company (for legal, financial reporting,
accounting and auditing compliance), as well as for due diligence expenses in connection with search for, and completing, a business
combination.

For
the three months ended June 30, 2025, we had net income of $631,498, which consisted of operating costs of $110,661, offset by interest
and dividends earned on marketable securities held in the operating account and Trust Account of $742,159. For the six months ended June
30, 2025, we had net income of $1,261,782, which consisted of operating costs of $218,083, offset by interest and dividends earned on
marketable securities held in the operating account and Trust Account of $1,479,865.

For
the three months ended June 30, 2024, we had a net loss of approximately $42,035, which consisted of formation and operation cost of
$42,035. For the six months ended June 30, 2024, we had a net loss of approximately $52,658, which consisted of formation and operation
cost of $52,658.

Contractual
Obligations

Registration
Rights

Pursuant
to a registration rights agreement entered into on July 24, 2024, the holders of the insider shares, private placement units (including
securities contained therein), and units (including securities contained therein) that may be issued on conversion of working capital
loans are entitled to certain customary registration rights for the resale of such securities. The holders of these securities are entitled
to make requests for no more than two demand registrations, excluding short form demands, that we register such securities. In addition,
the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to our
completion of initial business combination and rights to require us to register for resale such securities pursuant to Rule 415 under
the Securities Act. We will bear the expenses incurred in connection with the filing of any such registration statements.

Underwriting
Agreement

The
underwriters are entitled to a cash underwriting commission of 2.5% of the gross proceeds of the initial public offering upon the closing
of the initial business combination, including (1) $0.15 per Unit, or $900,000 (or $1,035