DT Cloud Star Acquisition Corporation
DTSQ
NASDAQ Global Market11.26
USD
-0.02
- -
CIK
0002017950
ISIN
KYG2853N1060
Return %
Stock
S&P500
1Y
7.55
26.84
3Y
12.94
77.03
5Y
12.94
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Zheng Sun
- Full Time Employees
- 3
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 175 Pearl Street Brooklyn NY United States of America 11201
- IPO Date
- Sep 16, 2024
- CIK
- 0002017950
- Website
- dtcloudstar.com
- Similar Companies
- Business
- DT Cloud Star Acquisition Corporation DT Cloud Star Acquisition Corporation (NASDAQ: DTSQ) is a blank check company, or special purpose acquisition company (SPAC), incorporated in the Cayman Islands and headquartered in Brooklyn, New York. The company, founded in 2022, focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities, with a strategic emphasis on targets in the cloud computing and technology sectors that demonstrate compelling economics, high recurring revenue potential, defensible market positions, and proven management teams. It operates in the financial services industry within the shell companies segment, targeting public market access for private companies, and its ordinary shares, units, and rights trade on the Nasdaq under the symbols DTSQ, DTSQU, and DTSQR, respectively. DT Cloud Star Acquisition Corporation completed its initial public offering in July 2024, raising $69 million through 6.9 million units at $10.00 each, including the full exercise of underwriters' over-allotment option, with proceeds placed in a trust account currently holding approximately $72.7 million as of September 30, 2025. In recent developments, shareholders approved amendments in October 2025 to extend the business combination deadline from October 26, 2025, to up to October 26, 2026, through monthly $75,000 deposits into the trust, with the initial deposit made to push the deadline to November 26, 2025; the company also entered a non-redemption agreement with a third-party shareholder for 600,000 shares, adjourned its annual general meeting multiple times to October 22, 2025, elected a new board including CEO Zheng Sun (also known as Sam Zheng Sun), ratified ELITE CPA P.C. as auditors, and reported Q3 2025 net income of $583,000 primarily from trust interest, amid 5.3 million shares redeemed during the meeting; additionally, it issued a $75,000 convertible promissory note to its sponsor, DT Cloud Star Management Limited, and filed a preliminary proxy in November 2025 seeking further trust amendments to end monthly top-ups while extending the timeline. As of late 2025, no business combination target has been announced, and the company expresses substantial doubt about going concern status absent a transaction within the extended period.
Crossingbridge Advisors LLC Sells 125,000 Shares of DT Cloud Star Acquisition Corporation $DTSQ