Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 44

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 44
---
 of an initial business combination (assuming that all issued and outstanding shares are voted and that the initial shareholders
do not purchase any units or shares in the after-market) in order to have our initial business combination approved. Our initial shareholders
currently own approximately 20.0% of our issued and outstanding ordinary shares. Accordingly, if we seek shareholder approval of our
initial business combination, the agreement by our initial shareholders, officers and directors to vote in favor of our initial business
combination will increase the likelihood that we will receive the requisite shareholder approval for such initial business combination.

You
will not have any rights or interests in funds from the trust account, except under certain limited circumstances. To liquidate your
investment, therefore, you may be forced to sell your public shares, potentially at a loss.

Our
public shareholders shall be entitled to receive funds from the trust account only in the event of a redemption to public shareholders
prior to any winding up in the event we do not consummate our initial business combination or our liquidation, if they redeem their shares
in connection with an initial business combination that we consummate or if we seek to amend our memorandum and articles of association
to affect the substance or timing of our redemption obligation to redeem all public shares if we cannot complete an initial business
combination within 15 months of the closing of our initial public offering. In no other circumstances will a shareholder have any right
or interest of any kind to the funds in the trust account. Holders of rights will not have any right to the proceeds held in the trust
account with respect to the rights. Accordingly, to liquidate your investment, you may be forced to sell your public shares, potentially
at a loss.

30

We
may be limited to the funds held outside of the trust account to fund our search for target businesses, to pay our tax obligations and
expenses, to operate before our initial business combination, and to complete our initial business combination.

Following
the closing of our initial public offering, $2,069,000 of the net proceeds was released to us and will fund our future working capital
needs. The funds available to us outside of the trust account may not be sufficient to allow us to structure, negotiate or close our
initial business combination, pay our expenses, or to operate for at least the next 15 months, assuming that our initial business combination
is not consummated during that time. Of the funds available to us, we could use a portion of the funds available to us to pay fees