Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 444

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 444
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,000. Simultaneously with the closing of our initial public offering on July
26, 2024, we consummated the private placement with the Sponsor of 206,900 private units at a price of $10.00 per private unit, generating
total gross proceeds of $2,069,000.

As
of July 26, 2024, a total of $69,000,000 of the net proceeds from our initial public offering was deposited in a trust account established
for the benefit of our public shareholders, with Wilmington Trust National Association acting as trustee.

The
securities sold in our initial public offering were registered under the Securities Act pursuant to a registration statement on Form
S-1 (File No. 333-278982) (the “Registration Statement”). The SEC declared the Registration Statement effective on July 24,
2024.

There
has been no material change in the planned use of proceeds from our initial public offering and the private placement as described in
the final prospectus related to the initial public offering.

58

    (g)
    Purchases
    of Equity Securities by the Issuer and Affiliated Purchasers

None.

Item
6. [Reserved]

Not
applicable.

Item
7. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The
following discussion and analysis of the company’s financial condition and results of operations should be read in conjunction
with our audited financial statements and the notes related thereto which are included in “Financial Statements and Supplementary
Data” of this Report. Certain information contained in the discussion and analysis set forth below includes forward-looking
statements. Our actual results may differ materially from those anticipated in these forward-looking statements as a result of many factors,
including those set forth under “Special Note Regarding Forward-Looking Statements,” “Risk Factors”
and elsewhere in this Report.

References
to the “company,” “our,” “us” or “we” refer to DT Cloud Star Acquisition Corporation.
The following discussion and analysis of the company’s financial condition and results of operations should be read in conjunction
with the audited financial statements and the notes related thereto which are included in “Financial Statements and Supplementary
Data” of this Report. Certain information contained in the discussion and analysis set forth below includes forward-looking statements.
Our actual results may differ materially from those anticipated in these forward-looking statements as a result of many factors, including
those set forth under “Cautionary Note Regarding Forward-Looking Statements and Risk