Company: DTSQ
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001641172-25-022963
Chunk: 64

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 64
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,000 if the underwriters’ over-allotment
option is exercised in full) in the aggregate, payable to the underwriters in cash upon the consummation of the initial public offering,
and (2) $0.10 per Unit, or $600,000 (or $690,000 if the underwriters’ over-allotment option is exercised in full) in the aggregate,
for deferred underwriting commissions that will be placed in the trust account as described in the Prospectus and payable to the underwriters
in cash upon the consummation of the initial business combination. In addition, we agreed to issue 60,000 Ordinary Shares (or up to 69,000
Ordinary Shares if the underwriters’ over-allotment option is exercised in full) (the “Representative Shares”) to A.G.P.
upon the consummation of the initial public offering as part of the underwriting compensation in connection with this offering. On July
26, 2024 we issued 69,000 Representative Shares to A.G.P. at the closing of our initial public offering, which have been received by
A.G.P.

20

Administration
Services Agreement

On
July 24, 2024, we entered into an agreement with the Sponsor, pursuant to which we agreed to pay the Sponsor a total of $10,000 per month
for secretarial and administrative support services provided to us through the earlier of consummation of the initial business combination
and our liquidation.

In
addition, our Sponsor, officers and directors, or any of their respective affiliates, will be reimbursed for any out-of-pocket expenses
incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on
suitable business combinations. There is no cap or ceiling on the reimbursement of out-of-pocket expenses incurred by such persons in
connection with activities on our behalf.

Critical
Accounting Policies and Estimates

The
preparation of financial statements and related disclosures in conformity with U.S. GAAP requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial
statements, and the reported amounts of income and expenses during the periods reported. Actual results could materially differ from
those estimates. A critical accounting estimate to our unaudited financial statements includes the valuation of ordinary shares subject
to possible redemption. We have not identified any critical accounting estimates.

Recent
Accounting Pronouncements