Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 552

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 552
---
 issued 1 share in 2022, 999 shares in 2023 and 1,724,000 shares in January 2024. The Company applied the retrospective approach to
    present the subsequent share issuance in 2024 in the Financial Statements for the year ended December 31, 2023. The 1,725,000 shares
    include up to an aggregate of 225,000 ordinary shares subject to forfeiture to the extent that the underwriters’ over-allotment
    option is not exercised in full or in part.

See
accompanying notes to the audited financial statements.

F-3

DT
CLOUD STAR ACQUISITION CORPORATION

AUDITED
STATEMENTS OF OPERATIONS

    2024  
    2023 

    Year Ended December 31, 

    2024  
    2023 
  
    Operating expenses: 

    Formation and operating costs 
    $(222,248) 
     (4,221)
  
    General and administrative expenses 
     (50,000) 
     - 
  
    Loss from operations 
     (272,248) 
     (4,221)

    Other income: 

    Interest from operating account 
     9,577  
     - 
  
    Interest and dividends earned in Trust Account 
     1,192,605  
     - 
  
    Unrealized gained on marketable securities held in Trust Account 
     263,682  
     - 
  
    Total other income 
     1,465,864  
     - 

    NET INCOME (LOSS) 
    $1,193,616  
     (4,221)

    Basic and diluted weighted average shares outstanding 

    Redeemable ordinary shares, basic and diluted 
     2,978,689  
     - 
  
    Non-redeemable ordinary shares, basic and diluted(1) 
     1,716,236  
     1,500,000 
  
    Redeemable ordinary shares, basic and diluted net income per share 
    $1.52  
     - 
  
    Non-redeemable ordinary shares, basic and diluted net income (loss) per share 
    $(1.94) 
     (0.003)

    (1)
    Number of shares in 2023
    excludes up to an