Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 55

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 55
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 increased
    vulnerability to adverse changes in general economic, industry and competitive conditions and adverse changes in government regulation;

    ●
    limitations
    on our ability to borrow additional amounts for expenses, capital expenditures, acquisitions, debt service requirements, execution
    of our strategy and other purposes; and

    ●
    other
    disadvantages compared to our competitors who have less debt.

Holders
of rights will not have redemption rights if we are unable to complete an initial business combination within the required time period.

If
we are unable to complete an initial business combination within the required time period and we redeem the funds held in the trust account,
the rights will expire and holders will not receive any of such proceeds with respect to the rights.

We
have no obligation to net cash settle the rights.

In
no event will we have any obligation to net cash settle the rights. Accordingly, the rights may expire worthless.

If
a public holder fails to receive notice of our offer to redeem our ordinary shares in connection with our initial business combination,
or fails to comply with the procedures for tendering its shares, such shares may not be redeemed.

We
will comply with the tender offer rules or proxy rules, as applicable, when conducting redemptions in connection with our initial business
combination. Despite our compliance with these rules, if a public holder fails to receive our tender offer or proxy materials, as applicable,
such public holder may not become aware of the opportunity to redeem its shares. In addition, proxy materials or tender offer documents,
as applicable, that we will furnish to holders of our ordinary shares in connection with our initial business combination will describe
the various procedures that must be complied with in order to validly tender or redeem ordinary shares. For example, we may require our
public holders seeking to exercise their redemption rights, whether they are record holders or hold their shares in “street name,”
to either deliver their stock certificates to our transfer agent prior to the date set forth in the tender offer documents mailed to
such holders, or prior to the vote on the proposal to approve the initial business combination in the event we distribute proxy materials,
or to deliver their shares to the transfer agent electronically. In the event that a public holder fails to comply with these or any
other procedures disclosed in the proxy or tender offer materials, as applicable, its shares may not be redeemed.

36

We
may amend the terms of the rights in a way that may be adverse to holders with the approval by the holders of a majority of the then