DT Cloud Star Acquisition Corp (DTSQ) Form 10-Q — Oct 20, 2026
DT Cloud Star Acquisition Corporation filed its 10-Q for the quarter ended September 30, 2026 reporting a net loss of $95,883 for the nine-month period and just $198 of cash at bank against a working capital deficit of $1,622,876. Management disclosed substantial doubt about the company's ability to continue as a going concern, noting the SPAC relies on sponsor promissory notes and has a pending business combination with PrimeGen US, Inc. (signed February 2, 2026) valued based on a purchase price of $1,489,800,000 that has not yet closed.
Key figures
- Total Debt
- 0
- Cash Position
- 198
- Shares Outstanding
- 3653409
- Redeemable shares
- 1652509
- Ipo gross proceeds
- 69000000
- Trust account balance
- 19042214
- Working capital deficit
- 1622876
- Sponsor temporary advance
- 1648144
- Redemption price per share
- 11.52
- Extension deposits to trust
- 900000
- October 2026 agm redemptions
- 787135
AI analysis
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