Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 41

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 41
---
 association. None of our officers, directors, initial shareholders or their affiliates has indicated any intention to
purchase units in our initial public offering or any units or ordinary shares from persons in the open market or in private transactions
(other than the private units). However, if our initial shareholders purchase any units in our initial public offering or if our officers,
directors, initial shareholders or their affiliates determine in the future to make such purchases in the open market or in private transactions,
to the extent permitted by law, in order to assist us in consummating our initial business combination, this will increase their control.
Factors that would be considered in making such additional purchases would include consideration of the current trading price of our
ordinary shares. In connection with any vote for a proposed business combination, all of our initial shareholders, as well as all of
our officers and directors, have agreed to vote the ordinary shares owned by them immediately before our initial public offering as well
as any ordinary shares acquired in our initial public offering or in the aftermarket in favor of such proposed business combination.

28

There
is no requirement under the Companies Act for us to hold annual or general meetings to elect directors. Accordingly, shareholders would
not have the right to such a meeting or election of directors, unless the holders of not less than 10% of the voting rights of our company
request such a meeting. As a result, it is unlikely that there will be an annual general meeting to elect new directors prior to the
consummation of a business combination, in which case all of the current directors will continue in office until at least the consummation
of the business combination. Accordingly, you may not be able to exercise your voting rights for 15 months. Accordingly, our initial
shareholders will continue to exert control at least until the consummation of a business combination.

Because
we must furnish our shareholders with financial statements of the target business prepared in accordance with U.S. GAAP or IFRS as issued
by the IASB or reconciled to U.S. GAAP, we may not be able to complete an initial business combination with some prospective target businesses.

We
will be required to provide historical and pro forma financial statement disclosure relating to our target business to our shareholders.
These financial statements may be required to be prepared in accordance with, or be reconciled to U.S. GAAP or IFRS, depending on the
circumstances, and the historical financial statements may be required to be audited in accordance with the