Company: DTSQ
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001641172-25-022963
Chunk: 17

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 corporation or engage in
a transaction in which a domestic corporation becomes parent or affiliate to the Company and the Company may become a “covered
corporation” as a listed Company in Nasdaq. The management team has evaluated the IR Act as of June 30, 2025 and does not believe
it would have a material effect on the Company, and will continue to evaluate its impact.

Net
Income (Loss) per Share

The
Company calculates net income (loss) per share in accordance with ASC Topic 260, “Earnings per Share.” In order to
determine the net income (loss) attributable to both the redeemable shares and non-redeemable shares, the Company first considered the
undistributed income (loss) allocable to both the redeemable ordinary shares and non-redeemable ordinary shares and the undistributed
income (loss) is calculated using the total net income (loss) less any dividends paid. The Company then allocated the undistributed income
(loss) ratably based on the weighted average number of shares outstanding between the redeemable and non-redeemable ordinary shares.
Any remeasurement of the accretion to the redemption value of the ordinary shares subject to possible redemption was considered to be
dividends paid to the public stockholders.

    11

DT
CLOUD STAR ACQUISITION CORPORATION

NOTES
TO UNAUDITED FINANCIAL STATEMENTS

The
calculation of diluted income (loss) per ordinary shares does not consider the effect of the rights issued in connection with the (i)
Initial Public Offering, and (ii) the private placement since the exercise of the rights are contingent upon the occurrence of future
events. As of June 30, 2025, the Company did not have any dilutive securities or other contracts that could, potentially, be exercised
or converted into ordinary shares in the earnings of the Company. As a result, diluted net income (loss) per ordinary share is the same
as basic net income (loss) per ordinary share for the period presented.

The
net income (loss) per share presented in the statement of operations is based on the following:

SCHEDULE OF BASIC AND DILUTED NET LOSS PER SHARE

    For the Three
                                                                               Months ended
                                                                               June 30, 2025  
    For the Three
                                                                               Months ended
                                                                               June 30, 2024 
  
    Net income (loss) 
    $631,498