Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 584

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 584
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 such terms or other similar expressions. Factors
that might cause or contribute to such a discrepancy include, but are not limited to, those described in our other SEC filings. 

Overview

We
are a blank check company incorporated in the Cayman Islands on November 29, 2022 as an exempted company with limited liability. We were
formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or
similar business combination with one or more businesses or entities, which we refer to as a “target business.” We are an
emerging growth company and, as such, we are subject to all of the risks associated with emerging growth companies.

We
have neither engaged in any operations nor generated any revenues to date. Our entire activity since inception has been to prepare for
our initial public offering, which was consummated on July 26, 2024 and, after the initial public offering, identifying a target company
for a business combination.

As
indicated in the accompanying financial statements, as of December 31, 2024, we had cash and cash in escrow of $411,429 and working capital
of $339,724.  Further,
we expect to incur significant costs in the pursuit of our initial business combination. We cannot assure you that our plans to raise
capital or to complete our initial business combination will be successful.

59

We
will have until 15 months from the closing of our initial public offering to complete a business combination. If we anticipate that we
may be unable to consummate our initial business combination within such period, we may seek shareholder approval to amend our amended
and restated memorandum and articles of association to extend the date by which we must consummate our initial business combination.
If we seek shareholder approval for an extension, our public shareholders will be offered an opportunity to redeem their shares at a
per share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest (net of taxes
payable), divided by the number of then issued and outstanding public shares, subject to applicable laws. If we are unable to complete
our initial business combination within the 15-month period or such period that may be extended, we will (1) cease all operations except
for the purpose of winding up; (2) as promptly as reasonably possible but no more than ten business days thereafter, redeem 100% of the
outstanding public shares, at