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DT Cloud Star Acquisition Corp
DTSQUCIK 0002017950NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthBlank ChecksFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$2.13M
Total Assets
$17.97M
Equity
$-1.05M
Shares Out
3.65M
Op. Cash Flow
$-411.0K
Business
DT Cloud Star Acquisition Corp is a blank check company formed to effect mergers, share exchanges, asset acquisitions, share purchases, recapitalizations, reorganizations or similar business combinations with one or more target businesses. It offers publicly traded units, ordinary shares and rights and maintains a trust account and related corporate structure to facilitate an initial business combination and related shareholder conversion or tender procedures. The company operates as a sponsor- and management-driven SPAC focused on sourcing, diligence, structuring and executing transactions rather than operating commercial divisions. It pursues target opportunities across industries and geographies and is listed on Nasdaq to access U.S. public markets and potential distribution channels.
Summary from filing dated 2025-03-31
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Formation and operating costs | −437,174 | −222,248 | −4,221 | |
| General and administrative expenses | −120,000 | −50,000 | — | |
| Loss from operations | −557,174 | −272,248 | −4,221 | |
| Interest from operating account | 6,205 | 9,577 | — | |
| Interest and dividends earned in Trust Account | 3 | 1 | — | |
| Unrealized gained on marketable securities held in Trust Account | 57,342 | 263,682 | — | |
| Total other income | 3 | 1 | — | |
| NET INCOME | 2 | 1 | −4,221 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Cash | 461 | 411,429 | — | — | |
| Prepaid expenses | 95,182 | 40,182 | 2,970 | — | |
| Total current assets | 95,643 | 451,611 | 2,970 | — | |
| Cash and marketable securities held in trust | 18 | 70 | — | — | |
| TOTAL ASSETS | 18 | 71 | 2,970 | — | |
| Accrued expenses | 72,838 | 27,387 | — | — | |
| Amount due to Sponsor | 384,050 | 84,500 | 8,756 | — | |
| Total Current Liabilities | 456,888 | 111,887 | 8,756 | — | |
| Deferred underwriting compensation | 690,000 | 690,000 | — | — | |
| TOTAL LIABILITIES | 1 | 801,887 | 8,756 | — | |
| Commitments and contingencies (Note 7) | — | — | — | — | |
| Ordinary shares subject to possible redemption, 1,652,509 and 6,900,000 shares (at redemption price of $10.82 and $10.21 per share) at December 31, 2025 and 2024, respectively | 18 | 70 | — | — | |
| Ordinary shares, par value $0.0001 per share; 500,000,000 shares authorized; 2,000,900 and 2,000,900 shares issued and outstanding at December 31, 2025 and 2024, respectively | 200 | 200 | 173 | — | |
| Additional paid-in capital | — | — | 24,827 | — | |
| Accumulated deficit | −1 | −350,476 | −5,786 | — | |
| Total Shareholders deficit | −1 | −350,276 | −5,786 | −1,565 | |
| TOTAL LIABILITIES AND SHAREHOLDERS DEFICIT | 18 | 71 | 2,970 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Prepaid expenses | 164,190 | 33,236 | — | |
| Interest and dividend income earned in cash and investments held in Trust Account | −3 | −1 | — | |
| Prepaid expenses | −219,190 | −70,448 | — | |
| Accrued expenses | 45,451 | 27,387 | 4,530 | |
| Amount due to Sponsor | 149,550 | 75,744 | — | |
| Net cash used in operating activities | −410,968 | −196,752 | — | |
| Investment of cash in Trust Account | — | −69 | — | |
| Cash withdrawn from Trust Account to redeem Public Shares | 55 | — | — | |
| Extension contributions deposited into Trust Account | −150,000 | — | — | |
| Net cash provided by(used in) investing activities | 55 | −69 | — | |
| Payments for common stock redemption | −55 | — | — | |
| Proceeds from promissory note - related party | 150,000 | — | — | |
| Proceeds from issuance of Founder Shares to Sponsor | — | 25,000 | — | |
| Sale of units to the founder in private placement | — | 2 | — | |
| Proceeds from issuance promissory note | — | 298,440 | — | |
| Proceeds from sale of units | — | 69 | — | |
| Payment of offering costs | — | −1 | — | |
| Payment of promissory note to Sponsor | — | −298,440 | — | |
| Net cash used in(provided by) financing activities | −55 | 70 | — | |
| Net change in Cash | −410,968 | 411,429 | — | |
| Deferred underwriting compensation | — | 690,000 | — | |
| Initial value of ordinary share subject to possible redemption | — | 62 | — | |
| Reclassification of offering costs related to public shares | — | −2 | — | |
| Subsequent measurement of ordinary shares subject to redemption against additional paid-in capital (APIC) and accumulated deficit | 150,000 | 9 | — | |
| Subsequent measurement of ordinary shares subject to redemption (interest and dividends earned in Trust Account) | 3 | 1 | — | |
| Representative shares issued to underwriter | — | 7 | — |
Filings
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