Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 177

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 177
---
 the business combination.

In
connection with any meeting held to approve an initial business combination, we will offer each public shareholder the option to vote
in favor of a proposed business combination and still seek conversion of his, her or its public shares, which may make it more likely
that we will consummate a business combination.

In
connection with any meeting held to approve an initial business combination, we will offer each public shareholder the right to have
his, her or its public shares converted to cash (subject to the limitations described elsewhere in this Report) regardless of whether
such shareholder votes for or against such proposed business combination. Accordingly, public shareholders owning shares may exercise
their redemption rights and we could still consummate a proposed business combination so long as a majority of shares voted at the meeting
are voted in favor of the proposed business combination. This is different than other similarly structured blank check companies where
shareholders are offered the right to convert their shares only when they vote against a proposed business combination. This is also
different than other similarly structured blank check companies where there is a specific number of shares sold in the offering which
must not exercise redemption rights for the company to complete a business combination. The lack of such a threshold and the ability
to seek conversion while voting in favor of a proposed business combination may make it more likely that we will consummate our initial
business combination.

In
connection with any shareholder meeting called to approve a proposed initial business combination, we may require shareholders who wish
to convert their public shares to comply with specific requirements for conversion that may make it more difficult for them to exercise
their redemption rights prior to the deadline for exercising their rights.

In
connection with any shareholder meeting called to approve a proposed initial business combination, each public shareholder will have
the right, regardless of whether it is voting for or against such proposed business combination, to demand that we convert its public
shares into a share of the trust account. Such conversion will be effectuated under Cayman Islands law and our amended and restated memorandum
and articles of association as a redemption of the shares, with the redemption price to be paid being the applicable pro rata portion
of the monies held in the trust account. We may require public shareholders who wish to convert their public shares in connection with
a proposed business combination to either tender their certificates (if any) to our transfer agent or to deliver their shares to the
transfer agent electronically using the Depository Trust Company’s (“DTC”) DWAC (Deposit/Withdrawal At