Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 63

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 63
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 less developed body of securities laws as compared to the United States,
and some states, such as Delaware, have more fully developed and judicially interpreted bodies of corporate law. In addition, Cayman
Islands companies may not have the standing to initiate a shareholder derivative action in a federal court of the United States.

We
have been advised by our Cayman Islands legal counsel that there is uncertainty as to whether the courts of the Cayman Islands would:

    ●
    recognize
    or enforce against us judgments of courts of the United States based on certain civil liability provisions of U.S. securities laws;
    and

    ●
    entertain
    original actions brought in each respective jurisdiction against us or our directors or officers predicated upon the securities laws
    of the United States or any state in the United States.

40

There
is no statutory enforcement in the Cayman Islands of judgments obtained in the United States, although the courts of the Cayman Islands
will in certain circumstances recognize and enforce a foreign judgment, without any re-examination or re-litigation of matters adjudicated
upon, provided such judgment:

    (1)
    is
    given by a foreign court of competent jurisdiction;

    (2)
    imposes
    on the judgment debtor a liability to pay a liquidated sum for which the judgment has been given;

    (3)
    is
    final;

    (4)
    is
    not in respect of taxes, a fine or a penalty;

    (5)
    was
    not obtained by fraud; and

    (6)
    is
    not of a kind the enforcement of which is contrary to natural justice or the public policy of the Cayman Islands.

Subject
to the above limitations, in appropriate circumstances, a Cayman Islands court may give effect in the Cayman Islands to other kinds of
final foreign judgments such as declaratory orders, orders for performance of contracts and injunctions.

As
a result of all of the above, public shareholders may have more difficulty in protecting their interests in the face of actions taken
by management, members of the board of directors or controlling shareholders than they would as public shareholders of a United States
company.

You
will not be entitled to protections normally afforded to investors of blank check companies.

Since
the net proceeds of our initial public offering are intended to be used to complete a business combination with a target business that
has not been identified, we may be deemed to be a “blank check” company under the United States