DT Cloud Star Acquisition Corporation Announces Pricing of Initial Public Offering

Strategic Insights -

DT Cloud Star Acquisition Corporation, a blank check company, has announced the pricing of its initial public offering of 6,000,000 units at an offering price of $10.00 per unit. Each unit consists of one ordinary share and one right to receive one-ninth (1/9) of one ordinary share upon the consummation of an initial business combination. The units are expected to trade on The Nasdaq Global Market under the ticker symbol "DTSQU" beginning July 25, 2024.

Key Takeaways:

  • The Company has priced its initial public offering of 6,000,000 units at $10.00 per unit, with each unit consisting of one ordinary share and one right to receive one-ninth (1/9) of one ordinary share.
  • The units are expected to trade on The Nasdaq Global Market under the ticker symbol "DTSQU" beginning July 25, 2024.
  • The Company expects the IPO to close on July 26, 2024, subject to customary closing conditions.
  • A.G.P./Alliance Global Partners is acting as the sole book-running manager for the offering.
  • The Company has granted the underwriters a 45-day option to purchase up to 900,000 units at the initial public offering price to cover over-allotments, if any.
  • Wilson Sonsini Goodrich & Rosati, Professional Corporation served as the U.S. counsel to the Company and Sichenzia Ross Ference Carmel LLP served as U.S. counsel to the underwriter in this offering.
  • A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on July 24, 2024.

Statistics:

  • 6,000,000 units will be sold in the initial public offering of DT Cloud Star Acquisition Corporation.
  • The offering price of the units will be $10.00 per unit.
  • The Company has granted the underwriters a 45-day option to purchase up to 900,000 units.
  • The units are expected to trade on The Nasdaq Global Market under the ticker symbol "DTSQU" beginning July 25, 2024.
  • The IPO is expected to close on July 26, 2024, subject to customary closing conditions.

Sources:

  • A press release from DT Cloud Star Acquisition Corporation, dated July 24, 2024.
  • A registration statement relating to the securities, filed with the U.S. Securities and Exchange Commission on July 24, 2024.