Company: DTSQ
Filing Date: 2025-09-22
Form Type: DEF 14A
Source: 0001493152-25-014462
Chunk: 12

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-09-22
Form: DEF 14A
Chunk 12
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 price of $25,000, or approximately $0.014 per share.

On July 26, 2024, we consummated the initial public offering of 6,900,000 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 and one right. Each nine rights entitle the holder thereof to receive one ordinary share at the closing of a business combination. The units were sold at an offering price of $10.00 per unit, generating gross proceeds of $69,000,000. Simultaneously with the closing of our initial public offering on July 26, 2024, we consummated the private placement with DT Cloud Star Management Limited, our sponsor, of 206,900 units at a price of $10.00 per private unit, generating total gross proceeds of $2,069,000. 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 shareholders, with Wilmington Trust National Association acting as trustee.

Our sponsor owns approximately 21.7% of our issued and outstanding ordinary shares as of September 15, 2025. The net proceeds of the IPO plus the proceeds of the sale of the private placement units were deposited in the trust account. As of September 17, 2025, there was approximately $72,452,618 in the trust account.

On the Record Date, 8,900,900 ordinary shares were issued and outstanding. The aggregate market value of the ordinary shares outstanding, other than shares held by persons who may be deemed affiliates of the Company, computed by reference to the closing sales price for the ordinary shares on September 19, 2025, as reported on The Nasdaq Capital Market, was approximately $10.49.

The mailing address of DT Cloud Star’s principal executive office is Office 51, 10 Fl, 31 Hudson Yards, New York, NY 10001, and its telephone number is (718) 865-2000.

You are not being asked to vote on a business combination at this time. If the Trust Amendment Proposal is approved and you do not elect to redeem your Public Shares, you will retain the right to vote on any proposed business combination if and when it is submitted to shareholders and the right to redeem your Public Shares for a