Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 194

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 194
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 not receive any of such proceeds with respect to the rights.

We
have no obligation to net cash settle the rights.

In
no event will we have any obligation to net cash settle the rights. Accordingly, the rights may expire worthless.

If
a public holder fails to receive notice of our offer to redeem our ordinary shares in connection with our initial business combination,
or fails to comply with the procedures for tendering its shares, such shares may not be redeemed.

We
will comply with the tender offer rules or proxy rules, as applicable, when conducting redemptions in connection with our initial business
combination. Despite our compliance with these rules, if a public holder fails to receive our tender offer or proxy materials, as applicable,
such public holder may not become aware of the opportunity to redeem its shares. In addition, proxy materials or tender offer documents,
as applicable, that we will furnish to holders of our ordinary shares in connection with our initial business combination will describe
the various procedures that must be complied with in order to validly tender or redeem ordinary shares. For example, we may require our
public holders seeking to exercise their redemption rights, whether they are record holders or hold their shares in “street name,”
to either deliver their stock certificates to our transfer agent prior to the date set forth in the tender offer documents mailed to
such holders, or prior to the vote on the proposal to approve the initial business combination in the event we distribute proxy materials,
or to deliver their shares to the transfer agent electronically. In the event that a public holder fails to comply with these or any
other procedures disclosed in the proxy or tender offer materials, as applicable, its shares may not be redeemed.

36

We
may amend the terms of the rights in a way that may be adverse to holders with the approval by the holders of a majority of the then
outstanding rights.

Our
rights will be issued in registered form under a rights agreement between VStock, as rights agent, and us. The rights agreement provides
that the terms of the rights may be amended without the consent of any holder to cure any ambiguity or correct any defective provision.
The rights agreement requires the approval by the holders of a majority of the then outstanding rights in order to make any change that
adversely affects the interests of the registered holders.

Our
rights agreement designates the courts of the State of New York or the United States District Court for the Southern District of New
York as the sole and exclusive forum for certain types of actions and proceedings that may