Company: DTSQ
Filing Date: 2025-09-22
Form Type: DEF 14A
Source: 0001493152-25-014462
Chunk: 25

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-09-22
Form: DEF 14A
Chunk 25
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’s Reasons for the Charter Amendment Proposal

The Company is proposing to amend its Second Amended and Restated Memorandum and Articles of Association to allow the Company to extend the initial business combination period to October 26, 2026.

The Company currently has until October 26, 2025 to complete its initial business combination. Without the Charter Amendment Proposal, the Company believes that it will not be able to complete the Business Combination within the permitted time period. If that were to occur, the Company would be forced to liquidate.

Required Vote

The approval of the Charter Amendment Proposal requires a special resolution of shareholders under the Second Amended and Restated Memorandum and Articles of Association, being the affirmative vote of the holders of at least two-thirds of the Company’s ordinary shares issued and outstanding and entitled to vote and which are present (in person or by proxy) at the Annual General Meeting and which voted on the matter is required. Abstentions will have no effect with respect to approval of this Charter Amendment Proposal.

All of DT Cloud Star’s directors, executive officers and their affiliates are expected to vote any shares owned by them in favor of the Charter Amendment Proposal. On the record date, the sponsor of DT Cloud Star beneficially owned and was entitled to vote 1,931,900 ordinary shares of DT Cloud Star representing approximately 21.7% of DT Cloud Star’s issued and outstanding ordinary shares.

In addition, DT Cloud Star’s directors, executive officers and their affiliates may choose to buy Units or ordinary shares of DT Cloud Star in the open market and/or through negotiated private purchases. In the event that purchases do occur, the purchasers may seek to purchase shares from shareholders who would otherwise have voted against the Trust Amendment Proposal and elected to redeem their shares for a portion of the trust account. Any shares of DT Cloud Star held by affiliates will be voted in favor of the Charter Amendment Proposal. As the Charter Amendment Proposal is not a “routine” matter, brokers will not be permitted to exercise discretionary voting on this proposal.

Resolution

The resolution to be put to the shareholders to consider and to vote upon at the Annual General Meeting in relation to Charter Amendment Proposal is as follows:

“RESOLVED by special resolution that, the Company’s second amended and restated memorandum and articles of association (the “ Second Amended and Restated Memorandum and Articles of Association”) be amended to extend the date by which the Company must consummate a business combination to October 26, 2026 (the “ Extended Date”), by adopting the third amended