Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 425

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 425
---
 an initial business combination within the prescribed period of time from the closing
of the IPO, the requirement that the Company cease all operations, redeem the public shares and thereafter liquidate and dissolve raises
substantial doubt about the ability to continue as a going concern.  On October 28, 2024, the Company issued an unsecured promissory
note to the sponsor, pursuant to which the Company may borrow up to an aggregate principal amount of $300,000
(the “Working Capital Loan Note”).
The Working Capital Loan Note is non-interest-bearing and payable on the consummation of the initial business combination or converted
upon consummation of the business combination into additional private units at a price of $10.00
per unit. The financial statements do not include
any adjustments that might result from the outcome of this uncertainty. Management has determined that the Company has funds that are
sufficient to fund the working capital needs of the Company until the consummation of an initial business combination or the winding
up of the Company as stipulated in the Company’s amended and restated memorandum of association. The accompanying financial statements
have been prepared in conformity with generally accepted accounting principles in the United States of America (“U.S. GAAP”),
which contemplate continuation of the Company as a going concern.

As
indicated in the accompanying financial statements, the Company currently has a positive working capital, but projected expenses are
beyond the cash available through the earlier of the consummation of the initial Business Combination or one year from the issuance date of
this financial statements. There is no assurance that the Company’s plan to consummate a business combination will be successful. If a
Business Combination is not consummated by the relevant period, there will be a mandatory liquidation and subsequent dissolution. As a
result, there is substantial doubt about the entity’s ability to continue as a going concern within one year after the date that
the financial statements are issued. The financial statement does not include any adjustments that might result from the outcome of the
uncertainty.

NOTE
2 – SIGNIFICANT ACCOUNTING POLICIES

Basis
of Presentation

These
accompanying financial statements are presented in U.S. Dollars and conformity with accounting principles generally accepted in the United
States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the SEC.

Emerging
Growth Company

The
Company is an “emerging growth company,” as defined in Section 2(a)