Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 348

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 348
---
298,440) 
     - 

    Net cash provided by financing activities 
     69,608,181  
     - 

    Net change in Cash 
       
     - 
  
    Cash at beginning of period 
     -  
     - 
  
    Cash and cash equivalents at end of year/period 
    $411,429  
    $- 

    Non-cash investing and financing activities 

    Deferred underwriting compensation 
    $690,000  
    $- 
  
    Initial value of ordinary share subject to possible redemption 
    $62,100,000  
    $- 
  
    Reclassification of offering costs related to public shares 
    $(1,958,237) 
    $- 
  
    Subsequent measurement of ordinary shares subject to redemption against additional paid-in capital (“APIC”) and accumulated deficit 
    $8,858,237  
    $- 
  
    Subsequent measurement of ordinary shares subject to redemption (interest and dividends earned in Trust Account) 
    $1,456,287  
    $- 
  
    Representative shares issued to underwriter 
    $7  
    $- 

See
accompanying notes to audited financial statements.

F-6

DT
CLOUD STAR ACQUISITION CORPORATION

NOTES
TO AUDITED FINANCIAL STATEMENTS

NOTE
1 - ORGANIZATION AND BUSINESS BACKGROUND

DT
Cloud Star Acquisition Corporation (the “Company”) is a blank check company. It was incorporated as a Cayman Islands exempted
company on November 29, 2022, with the original name of Infinity Star Acquisition Corporation at inception. The name was changed to DT
Cloud Star Acquisition Corporation on January 31, 2024. The Company was formed for the purpose of effecting a merger, share exchange,
asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses (the “Business Combination”).
The Company is not limited to a particular industry or geographic region for purposes of consummating a Business Combination.

The
Company is an early-stage company and emerging growth company and, as such, the Company is subject to all of the risks associated with
early-stage companies and emerging growth companies. The Company has selected December 31 as its fiscal year end.

The
Company will not generate any operating revenues until after the completion of a Business Combination, at the earliest. The Company