DT Cloud Star Acquisition Corp Files Q3 2024 10-Q
Ticker: DTSQU · Form: 10-Q · Filed: Nov 12, 2024 · CIK: 2017950
Sentiment: neutral
Topics: 10-Q, SPAC, quarterly-report
TL;DR
DT Cloud Star Acquisition Corp filed its Q3 10-Q, showing ordinary shares and rights. Fiscal year ends Dec 31.
AI Summary
DT Cloud Star Acquisition Corp filed a 10-Q for the period ending September 30, 2024. The filing details the company's financial status, including its ordinary shares and rights. The company's fiscal year ends on December 31st, and its principal executive offices are located in Brooklyn, NY.
Why It Matters
This filing provides investors with an update on DT Cloud Star Acquisition Corp's financial position and operational details for the third quarter of 2024, crucial for understanding the company's performance and future prospects.
Risk Assessment
Risk Level: low — The filing is a standard quarterly report with no immediate red flags or significant financial events disclosed.
Key Numbers
- 0001493152-24-044746 — Accession Number (Unique identifier for the SEC filing)
- 001-42167 — SEC File Number (Company's SEC registration number)
Key Players & Entities
- DT Cloud Star Acquisition Corp (company) — Filer of the 10-Q report
- 2024-09-30 (date) — End of the reporting period
- 2024-11-12 (date) — Filing date of the report
- 300 Cadman Plaza West, 12th Floor, Brooklyn, NY 11201 (location) — Company's business and mailing address
FAQ
What is the primary business of DT Cloud Star Acquisition Corp?
The filing lists the company under 'BLANK CHECKS [6770]', indicating it is a special purpose acquisition company (SPAC).
What is the fiscal year end for DT Cloud Star Acquisition Corp?
The company's fiscal year ends on December 31st.
When was this 10-Q report filed with the SEC?
The report was filed on November 12, 2024.
What period does this 10-Q filing cover?
This filing covers the period ending September 30, 2024.
What are the components of the units offered by DT Cloud Star Acquisition Corp?
The units consist of one ordinary share and one right, with each right entitling the holder to receive one-ninth of one ordinary share.
Filing Stats: 4,764 words · 19 min read · ~16 pages · Grade level 20 · Accepted 2024-11-12 16:05:52
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) — 612KB
- 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
- 0001493152-24-044746.txt ( ) — 3429KB
- dtsq-20240930.xsd (EX-101.SCH) — 30KB
- dtsq-20240930_cal.xml (EX-101.CAL) — 29KB
- dtsq-20240930_def.xml (EX-101.DEF) — 134KB
- dtsq-20240930_lab.xml (EX-101.LAB) — 215KB
- dtsq-20240930_pre.xml (EX-101.PRE) — 175KB
- form10-q_htm.xml (XML) — 502KB
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