Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 199

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 199
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not rely on the historical record of our management team’s or our sponsor’s respective performance as indicative of our future
performance of an investment in us or the returns we will, or are likely to, generate going forward. Furthermore, an investment in us
is not an investment in our sponsor or its affiliates.

We
are a newly formed blank check company with no operating history and no revenues, and, accordingly, you will not have any basis on which
to evaluate our ability to achieve our business objective.

We
are a newly formed blank check company with no operating results to date. Therefore, our ability to commence operations is dependent
upon obtaining financing through the public offering of our securities. Since we do not have an operating history, you will have no basis
upon which to evaluate our ability to achieve our business objective, which is to acquire an operating business. We will not generate
any revenues until, at the earliest, after the consummation of a business combination.

Further,
our sponsor is predominantly controlled by a PRC national. Given that our executive officers and directors and the majority shareholder
of our sponsor have ties to the PRC and/or Hong Kong and are located in Hong Kong and/or the PRC, these ties may make it more difficult
for us to complete an initial business combination with a target company outside of the PRC or Hong Kong, and which may therefore, make
it more likely that we will need to target a business combination with a target company located in the PRC or Hong Kong. We may be a
less attractive partner to non-PRC or non-Hong Kong-based target companies as compared to a non-PRC or non-Hong Kong based SPAC. Therefore,
it may be more difficult for us to complete an initial business combination with a target company that is based outside of the PRC or
Hong Kong.

Our
independent registered public accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about
our ability to continue as a “going concern.” 

We
initially have 15 months from the consummation of our initial public offering to consummate the initial business combination. If we do
not complete a business combination within 15 months from the consummation of our initial public offering, we will trigger an automatic
winding up, dissolution and liquidation pursuant to the terms of the amended and restated memorandum and articles of association. As
a result, this has the same effect as if we had formally gone through a voluntary liquidation procedure