DT Cloud Star Acquisition Corp Files Q2 2024 10-Q
Ticker: DTSQU · Form: 10-Q · Filed: Sep 6, 2024 · CIK: 2017950
Sentiment: neutral
Topics: spac, 10-q, financials
Related Tickers: DTSQU
TL;DR
DT Cloud Star Acquisition Corp (DTSQU) filed its Q2 10-Q. SPAC financials updated.
AI Summary
DT Cloud Star Acquisition Corp filed its 10-Q for the period ending June 30, 2024. The company, a blank check company, reported its financial position and activities. Key financial data points and share structures are detailed within the filing, which was submitted on September 6, 2024.
Why It Matters
This filing provides investors with an update on the financial health and operational status of DT Cloud Star Acquisition Corp, a special purpose acquisition company (SPAC).
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing for a SPAC with no immediate red flags or significant new risks indicated.
Key Numbers
- 20240630 — Period End Date (Indicates the end of the fiscal quarter reported.)
- 20240906 — Filing Date (Shows when the company submitted this report to the SEC.)
Key Players & Entities
- DT Cloud Star Acquisition Corp (company) — Filer of the 10-Q
- 0001493152-24-035319 (other) — Accession Number for the filing
- 20240630 (date) — End of the reporting period
- 20240906 (date) — Filing date
- DTSQU (company) — Ticker symbol for DT Cloud Star Acquisition Corp
FAQ
What is the primary business of DT Cloud Star Acquisition Corp?
DT Cloud Star Acquisition Corp is a blank check company, also known as a Special Purpose Acquisition Company (SPAC), as indicated by its SIC code [6770] and the nature of its filings.
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended June 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q filing was submitted to the SEC on September 6, 2024.
What are the main components of DT Cloud Star Acquisition Corp's units?
The company's units (DTSQU) consist of one ordinary share with a par value of $0.0001 per share and one right, which entitles the holder to receive one-ninth (1/9) of one ordinary share.
Where is DT Cloud Star Acquisition Corp located?
The company's business and mailing address is located at Floors 1 through 3, 175 Pearl Street, Brooklyn, NY 11201.
Filing Stats: 4,753 words · 19 min read · ~16 pages · Grade level 19 · Accepted 2024-09-06 16:30:25
Key Financial Figures
- $0.0001 — each consisting of one Ordinary Share, $0.0001 par value per share, and one Right DT
Filing Documents
- form10-q.htm (10-Q) — 586KB
- ex31-1.htm (EX-31.1) — 16KB
- ex31-2.htm (EX-31.2) — 16KB
- ex32-1.htm (EX-32.1) — 8KB
- ex32-2.htm (EX-32.2) — 8KB
- 0001493152-24-035319.txt ( ) — 2999KB
- dtsqu-20240630.xsd (EX-101.SCH) — 21KB
- dtsqu-20240630_cal.xml (EX-101.CAL) — 21KB
- dtsqu-20240630_def.xml (EX-101.DEF) — 129KB
- dtsqu-20240630_lab.xml (EX-101.LAB) — 152KB
- dtsqu-20240630_pre.xml (EX-101.PRE) — 146KB
- form10-q_htm.xml (XML) — 470KB
Business
Business Combination The Company's management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and sale of the Private Placement Units, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. Nasdaq rules provide that the Business Combination must be with one or more target businesses that together have a fair market value equal to at least 80 % of the balance in the Trust Account (less any deferred underwriting commissions and taxes payable on interest earned) at the time of the signing of an agreement to enter into a Business Combination. The Company will only complete a Business Combination if the post-Business Combination company owns or acquires 50 % or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act. There is no assurance that the Company will be able to successfully effect a Business Combination. The Company will provide its shareholders with the opportunity to redeem all or a portion of their public shares upon the completion of a Business Combination either (i) in connection with a shareholder meeting called to approve the Business Combination or (ii) by means of a tender offer. In connection with an initial Business Combination, the Company may seek shareholder approval of a Business Combination at a meeting called for such purpose at which shareholders may seek to redeem their shares, regardless of whether they vote for or against a Business Combination. Notwithstanding the foregoing, if the Company seeks shareholder approval of a Business Combination and it does not conduct redemptions pursuant to the tender offer rules, the Company's Amended and Restated Memorandum and Articles of Association provides that a public shareholder, together with a