DT Cloud Star Acquisition Corp

DT Cloud Star Acquisition Corp is a blank check company incorporated in the Cayman Islands on November 29, 2022, as an exempted company with limited liability. The company was formed to complete a business combination, such as a merger, share exchange, asset acquisition, share purchase, recapitalization, or reorganization, with one or more target businesses. In November 2022, March 2023, and January 2024, an aggregate of 1,725,000 initial shares were issued to initial shareholders for a total purchase price of $25,000, or approximately $0.014 per share. On July 26, 2024, DT Cloud Star Acquisition Corp completed its initial public offering of 6,900,000 units, which included the underwriters' full exercise of their over-allotment option for an additional 900,000 units on July 25, 2024. Each unit consists of one ordinary share and one right, with every nine rights entitling the holder to receive one ordinary share upon the closing of a business combination. The units were sold at $10.00 per unit, generating gross proceeds of $69,000,000. Simultaneously on July 26, 2024, the company completed a private placement with its sponsor, DT Cloud Star Management Limited, for 206,900 units at $10.00 per private unit, generating total gross proceeds of $2,069,000. A total of $69,000,000 from the initial public offering's net proceeds was deposited into a trust account for public shareholders, with Wilmington Trust National Association as trustee. The units began trading on The Nasdaq Global Market ("Nasdaq") under the ticker symbol "DTSQU" on July 25, 2024. On September 12, 2024, the company announced that holders could elect to separately trade the underlying component securities starting September 16, 2024. Unseparated units continue to trade as "DTSQU," while separated ordinary shares trade as "DTSQ" and rights as "DTSQR" on Nasdaq.