Company: DTSQ
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001641172-25-022963
Chunk: 45

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 45
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 price of $10.00 per unit. On July 29, 2025, the Company entered into a
letter agreement to the Promissory Note with the Sponsor, pursuant to which the Company and the Sponsor agreed to terminate the Promissory
Note and confirmed that the outstanding amount that the Company borrowed under the Promissory Note was nil. The financial statements
do not include any adjustments that might result from the outcome of this uncertainty. Management has determined that the Company has
funds that are sufficient to fund the working capital needs of the Company until the consummation of an initial business 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.

    8

DT
CLOUD STAR ACQUISITION CORPORATION

NOTES
TO UNAUDITED FINANCIAL STATEMENTS

NOTE
2 – SIGNIFICANT ACCOUNTING POLICIES

Basis
of presentation

These
accompanying financial statements have been prepared in accordance with U.S. GAAP and pursuant to the rules and regulations of the SEC.

The
accompanying unaudited financial statements as of June 30, 2025, and for the three and six months ended June 30, 2025 have been prepared
in accordance with U.S. GAAP for interim financial information and Article 8 of Regulation S-X. In the opinion of management, all adjustments
considered for a fair presentation have been included. Operating results for the three and six months ended June 30, 2025 are not necessarily
indic