Company: DTSQ
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001493152-25-020876
Chunk: 67

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 67
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 Factors section of the Company’s final prospectus for its initial public offering filed with the SEC. The Company’s
securities filings can be accessed on the EDGAR section of the SEC’s website at www.sec.gov. Except as expressly required by applicable
securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result
of new information, future events or otherwise.

Overview

We
are a blank check company incorporated in the Cayman Islands on November 29, 2022 as an exempted company with limited liability. We were
formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or
similar business combination with one or more businesses or entities, which we refer to as a “target business.” We are an
emerging growth company and, as such, we are subject to all of the risks associated with emerging growth companies.

On
July 26, 2024, we consummated the initial public offering of 6,900,000 units (“Units”), which includes the exercise in full
by the underwriters of their over-allotment option to purchase up to an additional 900,000 Units on July 25, 2024. Each Unit consists
of one ordinary share, par value $0.0001 per share (“Ordinary Share”), and one right (“Right”) to receive one-ninth
(1/9) of one Ordinary Share upon the consummation of an initial business combination. The Units were sold at an offering price of $10.00
per Unit, generating gross proceeds of $69,000,000. A.G.P./Alliance Global Partners (“A.G.P.”) served as the representative
of the underwriters of our initial public offering.

Simultaneously
with the closing of our initial public offering on July 26, 2024, we consummated the private placement with the Sponsor of 206,900 private
units at a price of $10.00 per private unit, generating total gross proceeds of $2,069,000. As of July 26, 2024, a total of $69,000,000
of the net proceeds from our initial public offering were deposited in a trust account established for the benefit of our public stockholders,
with Wilmington Trust National Association acting as trustee.

18

Our
Units started to be listed on The Nasdaq Global Market (the “Nas