Company: DTSQ
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001641172-25-022963
Chunk: 74

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 74
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 pursuant to which we and the Sponsor
agreed to terminate the Promissory Note and confirmed that the outstanding amount that we borrowed under the Promissory Note was
nil.

Results
of Operations

We
have neither engaged in any operations nor generated any revenue to date. Our entire activity since inception through June 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 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