DT Cloud Star Acquisition Corporation, a blank check company incorporated in the Cayman Islands, has announced the pricing of its initial public offering (IPO) at $60 million, offering 6,000,000 units at $10 per unit. Each unit comprises one ordinary share and one right to receive one-ninth of an ordinary share upon an initial business combination. Expected to trade on Nasdaq under the ticker symbol DTSQU from July 25, 2024, the IPO is anticipated to close the following day. A.G.P./Alliance Global Partners is the offering’s sole book-running manager. The company has also granted underwriters a 45-day option to purchase up to 900,000 units for over-allotments. Legal advisory roles are held by Wilson Sonsini Goodrich & Rosati for the company and Sichenzia Ross Ference Carmel LLP for the underwriters. The registration statement was declared effective by the SEC on July 24, 2024. Notably, DT Cloud Star intends to focus its acquisition search on industries aligning with its management team’s background.
Financial Services, Technology,United States, Cayman Islands
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