DT Cloud Star Acquisition Corporation Announces Upcoming Automatic Unit Separation
12 September 2024 - 10:45PM
DT Cloud Star Acquisition Corporation (Nasdaq: DTSQU) (the
“Company”) announced today that, commencing Monday, September 16,
2024, holders of the units sold in the Company’s initial public
offering of 6,900,000 units (the “Units”) may commence separate
trading of the underlying component securities. Each Unit consists
of one ordinary share, par value $0.0001 per share (“Share”), and
one right to receive one-ninth (1/9) of one Share (“Right”) upon
the consummation of the Company’s initial business combination.
Those units not separated will continue to trade on the Nasdaq
Global Market (“Nasdaq”) under the symbol “DTSQU.”
The Shares and Rights that are separated will
trade on Nasdaq under the symbols “DTSQ” and “DTSQR,” respectively.
Holders of the Units will need to have their securities brokers
contact VStock Transfer LLC at 18 Lafayette Place, Woodmere, New
York, NY 11598, the Company’s transfer agent, in order to separate
the Units into Shares and Rights.
The Units were initially offered by the Company
in an underwritten offering through A.G.P./Alliance Global
Partners, which acted as the sole book runner for the offering and
as the representative of the underwriters in the offering. A
registration statement relating to the Units and the underlying
securities was declared effective by the Securities and Exchange
Commission (the “SEC”) on July 24, 2024. Copies of the registration
statement can be accessed through the SEC’s website at
www.sec.gov.
About DT Cloud Star Acquisition
Corporation
The Company is a blank check company formed for
the purpose of effecting a merger, share exchange, asset
acquisition, stock purchase, recapitalization, reorganization or
other similar business combination with one or more businesses or
entities. While the Company may pursue an acquisition opportunity
in any business industry or sector, it intends to initially focus
on those industries or sectors that complement its management
team’s background. The Company is led by Bian Fan, the Company’s
Chief Executive Officer, and Kenneth Lam, the Company’s Chief
Financial Officer.
Forward-Looking Statements
This press release contains “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, Section 21E of the Securities Exchange Act of
1934, as amended, and the Private Securities Litigation Reform Act
of 1995. Forward-looking statements are statements that are not
historical facts. Such forward-looking statements are subject to
risks and uncertainties, which could cause actual results to differ
from the forward-looking statements. The Company expressly
disclaims any obligations or undertaking to release publicly any
updates or revisions to any forward-looking statements contained
herein to reflect any change in the Company’s expectations with
respect thereto or any change in events, conditions or
circumstances on which any statement is based.
Contact:
For investors:
DT Cloud Star Acquisition CorporationBian
FanChief Executive OfficerFloors 1 through 3, 175 Pearl
StreetBrooklyn, New York Email:
bian.fan@infinity-star.com
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