Company: DTSQ
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001493152-25-020876
Chunk: 35

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 was nil.

On
October 23, 2025, we issued an unsecured promissory note to the Sponsor, pursuant to which we borrowed up to an aggregate principal amount
of $75,000, in exchange for Sponsor depositing such amount into the our trust account in order to extend the amount of time it has available
to complete a business combination.

Results
of Operations

We
have neither engaged in any operations nor generated any revenue to date. Our entire activity since inception through September 30, 2025
related to our formation, the preparation for the initial public offering, and since the closing of the initial public offering, the
search for a prospective initial business combination. We do not expect to generate any operating revenues until the closing and completion
of our initial business combination, at the earliest. We will generate non-operating income in the form 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 September 30, 2025, we had net income of $582,964, which consisted of operating costs of $169,080, offset by interest
and dividends earned on marketable securities held in the operating account and Trust Account of $752,044. For the nine months ended
September 30, 2025, we had net income of $1,844,746, which consisted of operating costs of $392,650, offset by interest and dividends
earned on marketable securities held in the operating account and Trust Account of $2,237,396.

For
the three months ended September 30, 2024, we had a net income of $526,781, which consisted of operating costs of $127,361. For the nine
months ended September 30, 2024, we had a net income of $474,123, which consisted of operating costs of $180,019, offset by interest
and dividends earned on marketable securities held in the operating account and Trust Account of $654,142.

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