DT Cloud Star Acquisition Corporation Announces Upcoming Automatic Unit Separation
DT Cloud Star Acquisition (Nasdaq: DTSQU) has announced that starting September 16, 2024, holders of units from its initial public offering can begin separate trading of the underlying securities. Each unit comprises one ordinary share and one right to receive one-ninth of a share upon the company's initial business combination. The 6,900,000 units will continue trading on Nasdaq as 'DTSQU', while separated shares and rights will trade under 'DTSQ' and 'DTSQR' respectively. Unit holders must contact VStock Transfer to separate their units. The initial offering was underwritten by A.G.P./Alliance Global Partners, with the registration statement effective as of July 24, 2024.
DT Cloud Star Acquisition (Nasdaq: DTSQU) ha annunciato che a partire dal 16 settembre 2024, i detentori delle unità dell'offerta pubblica iniziale potranno iniziare a negoziare separatamente i titoli sottostanti. Ogni unità è composta da una quota ordinaria e un diritto di ricevere un nono di una quota in seguito alla combinazione aziendale iniziale della società. Le 6.900.000 unità continueranno a essere negoziate su Nasdaq con il simbolo 'DTSQU', mentre le azioni e i diritti separati verranno scambiati con i simboli 'DTSQ' e 'DTSQR' rispettivamente. I detentori di unità devono contattare VStock Transfer per separare le loro unità. L'offerta iniziale è stata sottoscritta da A.G.P./Alliance Global Partners, con la dichiarazione di registrazione efficace a partire dal 24 luglio 2024.
DT Cloud Star Acquisition (Nasdaq: DTSQU) ha anunciado que a partir del 16 de septiembre de 2024, los tenedores de unidades de su oferta pública inicial podrán comenzar a negociar por separado los valores subyacentes. Cada unidad comprende una acción ordinaria y un derecho a recibir un noveno de una acción tras la combinación empresarial inicial de la compañía. Las 6,900,000 unidades continuarán negociándose en Nasdaq como 'DTSQU', mientras que las acciones y derechos separados se negociarán bajo los símbolos 'DTSQ' y 'DTSQR', respectivamente. Los tenedores de unidades deben contactar a VStock Transfer para separar sus unidades. La oferta inicial fue suscrita por A.G.P./Alliance Global Partners, con la declaración de registro vigente desde el 24 de julio de 2024.
DT Cloud Star Acquisition (Nasdaq: DTSQU)는 2024년 9월 16일부터 초기 공모의 유닛 보유자들이 기초 증권을 따로 거래할 수 있다고 발표했습니다. 각 유닛은 하나의 보통주와 회사 최초의 사업 결합 시 하나의 주식의 아홉 분의 일을 받을 수 있는 권리로 구성됩니다. 6,900,000개의 유닛은 Nasdaq에서 'DTSQU'로 계속 거래되며, 분리된 주식과 권리는 각각 'DTSQ'와 'DTSQR'로 거래됩니다. 유닛 보유자는 VStock Transfer에 연락하여 유닛을 분리해야 합니다. 초기 공모는 A.G.P./Alliance Global Partners가 인수하였으며, 등록 문서는 2024년 7월 24일부터 유효합니다.
DT Cloud Star Acquisition (Nasdaq: DTSQU) a annoncé qu'à partir du 16 septembre 2024, les détenteurs d'unités de son offre publique initiale peuvent commencer à négocier séparément les titres sous-jacents. Chaque unité se compose d'une action ordinaire et d'un droit de recevoir un neuvième d'une action lors de la première combinaison d'affaires de la société. Les 6.900.000 unités continueront à être négociées sur le Nasdaq sous le symbole 'DTSQU', tandis que les actions et droits séparés se négocieront sous 'DTSQ' et 'DTSQR' respectivement. Les détenteurs d'unités doivent contacter VStock Transfer pour séparer leurs unités. L'offre initiale a été souscrite par A.G.P./Alliance Global Partners, avec l'état d'enregistrement prenant effet à partir du 24 juillet 2024.
DT Cloud Star Acquisition (Nasdaq: DTSQU) hat angekündigt, dass ab dem 16. September 2024 Inhaber von Einheiten aus ihrem Börsengang damit beginnen können, die zugrunde liegenden Wertpapiere separat zu handeln. Jede Einheit besteht aus einer Stammaktie und einem Recht, ein Neuntel einer Aktie im Rahmen der anfänglichen Unternehmenszusammenschluss zu erhalten. Die 6.900.000 Einheiten werden weiterhin unter 'DTSQU' an der Nasdaq gehandelt, während getrennte Aktien und Rechte unter 'DTSQ' bzw. 'DTSQR' gehandelt werden. Einheiteninhaber müssen VStock Transfer kontaktieren, um ihre Einheiten zu trennen. Das ursprüngliche Angebot wurde von A.G.P./Alliance Global Partners gezeichnet, wobei die Registrierungserklärung seit dem 24. Juli 2024 wirksam ist.
- Commencement of separate trading for underlying securities, potentially increasing liquidity
- Successful completion of initial public offering with 6,900,000 units
- Listing on Nasdaq Global Market, providing visibility and access to capital markets
- None.
New York, New York, Sept. 12, 2024 (GLOBE NEWSWIRE) -- 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
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 Corporation
Bian Fan
Chief Executive Officer
Floors 1 through 3, 175 Pearl Street
Brooklyn, New York
Email: bian.fan@infinity-star.com
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