Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 725

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 725
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 which consisted of operating costs of $272,248, offset by interest
and dividends earned on marketable securities held in the operating account and Trust Account of $1,465,864.  

Contractual
Obligations 

Registration
Rights 

Pursuant
to a registration rights agreement entered into on July 24, 2024, the holders of the initial
shares, private placement units (including securities contained therein), and units (including
securities contained therein) that may be issued on conversion of working capital loans are entitled to certain customary registration
rights for the resale of such securities. The holders of these securities are entitled to make requests for no more than two demand registrations,
excluding short form demands, that we register such securities. In addition, the holders have certain “piggy-back” registration
rights with respect to registration statements filed subsequent to our completion of initial business combination and rights to require
us to register for resale such securities pursuant to Rule 415 under the Securities Act. We will bear the expenses incurred in connection
with the filing of any such registration statements.

Underwriting
Agreement 

The
underwriters are entitled to a cash underwriting commission of 2.5% of the gross proceeds of the initial public offering upon the closing
of the initial business combination, including (1) $0.15 per unit, or $1,035,000 in the aggregate, payable to the underwriters in cash
upon the consummation of the initial public offering, and (2) $0.10 per unit, or $690,000 in the aggregate, for deferred underwriting
commissions that will be placed in the trust account as described in the final
prospectus related to the initial public offering and payable to the underwriters in cash upon
the consummation of the initial business combination. In addition, we agreed to issue 69,000 ordinary shares (the “Representative
Shares”) to Alliance Global Partners (“A.G.P.”)  upon the consummation
of the initial public offering as part of the underwriting compensation in connection with the 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.

Administrative
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 $