Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 1063

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9A
Chunk 1063
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 Corporation (the “Company”) is a blank check company. It was incorporated as a Cayman Islands exempted
company on November 29, 2022, with the original name of Infinity Star Acquisition Corporation at inception. The name was changed to DT
Cloud Star Acquisition Corporation on January 31, 2024. The Company was formed for the purpose of effecting a merger, share exchange,
asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses (the “Business Combination”).
The Company is not limited to a particular industry or geographic region for purposes of consummating a Business Combination.

The
Company is an early-stage company and emerging growth company and, as such, the Company is subject to all of the risks associated with
early-stage companies and emerging growth companies. The Company has selected December 31 as its fiscal year end.

The
Company will not generate any operating revenues until after the completion of a Business Combination, at the earliest. The Company will
generate non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering.

The
registration statement for the Company’s Initial Public Offering was declared effective on July 24, 2024. On July 26, 2024, the
Company consummated the Initial Public Offering of 6,900,000 units (the “Public Units”), which includes 900,000 Public Units
upon the full exercise by the underwriter of its over-allotment option, at $10.00 per Public Unit, generating gross proceeds of $69,000,000
to the Company. Each Public Unit consists of one ordinary share and one right (“Public Rights”). Each whole Public Right
will entitle the holder to receive one-ninth (1/9) ordinary share upon consummation of initial business combination.

Simultaneously
with the closing of the Initial Public Offering, the Company consummated the sale of 206,900 units (the “Private Placement Units”)
at a price of $10.00 per Private Placement Unit in a private placement to DT Cloud Star Management Limited (the “Sponsor”),
generating gross proceeds of $2,069,000 to the Company. Each Private Placement Unit consists of one Private Placement Share and one right
(“Private Placement Right”). Each Private Placement Right will entitle the holder to receive one-ninth (1/9) ordinary share
upon consummation of the initial business combination.

Transaction
costs amounted to