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DT Cloud Acquisition Corporation (Symbol: DYCQ) is a recently established blank check company focused on identifying and merging with businesses in the cloud technology sector. As a Special Purpose Acquisition Company (SPAC), DT Cloud Acquisition Corporation does not engage in any commercial operations or produce goods and services independently. Instead, its primary goal is to merge or acquire businesses that demonstrate significant growth potential, particularly within the cloud computing and related technology industries.
The company is directed by Chief Executive Officer Shaoke Li and operates out of its headquarters located at 30 Orange Street, London, United Kingdom. Under the leadership of Shaoke Li, DT Cloud Acquisition Corp aims to leverage its financial resources and expertise to facilitate the expansion and development of promising technology firms.
DT Cloud Acquisition Corporation remains committed to maintaining a robust financial condition through prudent management and strategic partnerships. This approach ensures the company is well-positioned to capitalize on emerging opportunities within the technology sector, thereby delivering value to its investors.
Although the company is in its early stages, its dynamic approach and focus on high-growth industries suggest a promising future. Investors can expect regular updates on potential mergers, acquisitions, and other significant developments through official communications and press releases.
DT Cloud Acquisition (Nasdaq: DYCQU) has announced a business combination agreement with Maius Pharmaceutical, a biopharmaceutical R&D company. The transaction values Maius at $250 million in equity value. Upon closing, Maius will become a wholly-owned subsidiary of Maius Pharmaceutical Group, with securities listed on Nasdaq. Maius focuses on developing innovative formulations and targeted small-molecule chemical drugs in three areas: anticancer drugs, autoimmune medication, and anti-infectives. The transaction is expected to close in the first half of 2025, subject to regulatory and shareholder approvals.
DT Cloud Acquisition (Nasdaq: DYCQU, DYCQ, DYCQR) has announced a non-binding letter of intent (LOI) for a business combination with Shanghai Maius Pharmaceutical Technology Co., Founded in 2015, Shanghai Maius is a biopharmaceutical R&D company specializing in innovative formulations and targeted small-molecule chemical drugs.
The proposed deal would involve DT Cloud acquiring 100% of Shanghai Maius's equity or all of its business, with the final structure to be determined. The combined public company would adopt Shanghai Maius's branding. A definitive agreement is expected in Q4 2024, subject to board and shareholder approvals, regulatory clearances, and other conditions.
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