Company: DTSQ
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010262
Chunk: 42

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 42
---
indicated in the accompanying financial statements, the Company currently has a positive working capital, but projected expenses are
beyond the cash available through the earlier of the consummation of the initial Business Combination or one year from the issuance date
of this financial statements. There is no assurance that the Company’s plan to consummate a business combination will be successful.
If a Business Combination is not consummated by the relevant period, there will be a mandatory liquidation and subsequent dissolution.
As a result, there is substantial doubt about the entity’s ability to continue as a going concern within one year after the date
that the financial statements are issued. The financial statement does not include any adjustments that might result from the outcome
of the uncertainty.

NOTE
2 – SIGNIFICANT ACCOUNTING POLICIES

Basis
of Presentation

These
accompanying financial statements have been prepared in accordance with U.S. GAAP and pursuant to the rules and regulations of the SEC.

The
accompanying unaudited financial statements as of March 31, 2025, and for the three months ended March 31, 2025 have been prepared in
accordance with U.S. GAAP for interim financial information and Article 8 of Regulation S-X. In the opinion of management, all adjustments
considered for a fair presentation have been included. Operating results for the three months ended March 31, 2025 are not necessarily
indicative of the results that may be expected for the period ending December 31, 2025, or any future period.

    8

DT
CLOUD STAR ACQUISITION CORPORATION

NOTES
TO UNAUDITED FINANCIAL STATEMENTS

Emerging
Growth Company

The
Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our
Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements
that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required
to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding
executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory
vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.

Further,
Section 102(b)(