DT Cloud Acquisition Corporation
NASDAQ Global MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Guojian Chen
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 30 Orange Street London United Kingdom WC2H 7HF
- IPO Date
- Apr 12, 2024
- CIK
- 0001944212
- Similar Companies
- Business
- DT Cloud Acquisition Corporation (NASDAQ: DYCQ) is a blank check company, or special purpose acquisition company (SPAC), incorporated in 2022 and headquartered at 30 Orange Street, London WC2H 7HF, United Kingdom. The company conducts no significant operations and focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses, initially targeting those in cloud computing, data management or related technology sectors while pursuing opportunities globally including underperforming companies with high recurring revenue potential. As a subsidiary of DT Cloud Capital Corp., it holds proceeds from its February 2024 initial public offering of $69 million, priced at $10.00 per unit and underwritten by Brookline Capital Markets, in trust pending a qualifying transaction. DT Cloud Acquisition Corporation operates in the shell companies industry within the financials sector, led by CEO and CFO Guojian Chen. In October 2024, the company announced a definitive business combination agreement with Maius Pharmaceutical Co., Ltd., an Asia-based biopharmaceutical research and development firm, valuing Maius at $250 million pre-money equity and positioning a new holding company, Pubco, for Nasdaq listing upon closing; the deal, unanimously approved by both boards, includes covenants for at least $10 million in PIPE financing from third-party investors and remains pending shareholder and regulatory approvals expected in the first half of 2025. Recent extensions to its business combination deadline include an automatic three-month period to February 23, 2025, followed by monthly contributions from the sponsor such as $207,000 for March 23, 2025, and further to April 23, 2025, alongside proxy solicitations, a Nasdaq compliance challenge announcement in August 2025 and a subscription agreement signing in September 2025. The company reports ongoing SEC filings including quarterly reports noting net income improvements and going concern considerations tied to deal completion, with shares trading around $11.70 as of late August 2025.
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DT Cloud Acquisition Corporation Announces Change of Extraordinary General Meeting Date
DT Cloud Acquisition Corporation Announces Change of Extraordinary General Meeting Date
SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of DT Cloud Acquisition Corporation - DYCQ
DT Cloud Acquisition Corporation Announces Cancellation of Extraordinary General Meeting
DT Cloud Acquisition Corporation Announces Change of Extraordinary General Meeting Date
DT Cloud Acquisition Corporation Announces Entering into a Business Combination Agreement with Maius Pharmaceutical
DT Cloud Acquisition Corporation Signs Letter of Intent for a Business Combination
DT Cloud Acquisition Corporation Announces Upcoming Automatic Unit Separation
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DT Cloud Acquisition Corporation Announces Closing of $69 Million Initial Public Offering, Including Full Exercise of Underwriters' Over-Allotment Option
DT Cloud Acquisition Corporation Prices $60 Million Initial Public Offering