Company: DTSQ
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001493152-25-020876
Chunk: 43

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 43
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upon consummation of the initial business combination.

Transaction
costs amounted to $2,175,819, consisting of $1,035,000 of underwriting commissions, $690,000 of deferred underwriting commissions and
$450,819 of other offering costs.

Trust
Account

Following
the closing of the Initial Public Offering, the aggregate amount of $69,000,000 ($10.00 per Public Unit) was held in a trust account
(“Trust Account”) established for the benefit of the Company’s public shareholders and maintained by Wilmington Trust,
acting as trustee. The fund will be invested only in U.S. government treasury bills, with a maturity of 185 days or less or in money
market funds investing solely in U.S. Treasuries and meeting certain conditions under Rule 2a-7 under the Investment Company Act of 1940,
as amended (the “Investment Company Act”). Except with respect to interest earned on the funds held in the Trust Account
that may be released to the Company to pay its taxes, if any, the funds in the Trust Account will not be released until the earliest
of (i) the completion of the Company’s initial Business Combination, (ii) the redemption of any public shares properly tendered
in connection with a shareholder vote to amend the Company’s Amended and Restated Memorandum and Articles of Association to (A)
modify the substance or timing of the Company’s obligation to redeem 100% of its public shares if the Company does not complete
its initial Business Combination within 15 months from the closing of the Initial Public Offering or (B) with respect to any other provision
relating to shareholders’ rights or pre-business combination activity and (iii) the redemption of all of the Company’s public
shares if the Company is unable to complete its initial Business Combination within 15 months from the closing of the Initial Public
Offering, subject to applicable law.

The
balances in the Trust Account as of September 30, 2025 and December 31, 2024 were $72,694,104 and $70,456,287, respectively.

    5

DT
CLOUD STAR ACQUISITION CORPORATION

NOTES
TO UNAUDITED FINANCIAL STATEMENTS

Business
Combination

The
Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering
and sale of the Private Placement Units, although substantially all of the net proceeds are intended to