Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 893

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 893
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 combination or the winding
up of the Company as stipulated in the Company’s amended and restated memorandum of association. The accompanying financial statements
have been prepared in conformity with generally accepted accounting principles in the United States of America (“U.S. GAAP”),
which contemplate continuation of the Company as a going concern.

As
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 are presented in U.S. Dollars and conformity with accounting principles generally accepted in the United
States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the SEC.

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)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting
standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do
not have a class of securities registered under the Exchange Act) are required to comply with