DT Cloud Acquisition Corporation Reports Decline in Revenue and Net Income for Six Months Ending June 30, 2025

DT Cloud Acquisition Corporation has reported its financial results for the six months ending June 30, 2025, revealing a significant decline in both revenue and net income compared to the previous fiscal period. The company generated a net income of $686,742, down from $872,741 in the same period last year. Revenue primarily came from dividend income earned on cash and investments held in a trust account, totaling $1,244,127, which also saw a decrease from $1,253,578 in the prior year. The company's operating costs increased substantially, with formation and operating costs rising to $557,386 from $380,852, reflecting a 46% increase year-over-year.

In terms of balance sheet changes, DT Cloud Acquisition Corporation's total assets decreased significantly to $9,103,278 as of June 30, 2025, down from $72,513,922 at the end of 2024. This decline was primarily due to a substantial reduction in cash and investments held in the trust account, which fell from $72,345,071 to $9,058,036. The company also reported a shareholders' deficit of $2,970,444, compared to a deficit of $1,853,968 at the end of the previous fiscal year. The decrease in assets and increase in liabilities were attributed to the redemption of shares and operational costs associated with the ongoing search for a business combination.

Strategically, the company is in the process of completing a business combination with Maius Pharmaceutical Co., Ltd., as outlined in a definitive agreement signed on October 22, 2024. This merger is expected to provide DT Cloud Acquisition Corporation with a pathway to operational revenue, as the company has not yet commenced any operations since its formation. The business combination is subject to various conditions, including shareholder approvals and regulatory clearances, which are still pending. The company has also extended the deadline for completing the business combination to August 23, 2026, contingent upon additional funds being deposited into the trust account.

Operationally, DT Cloud Acquisition Corporation has not reported any significant customer counts or user statistics, as it remains a blank check company focused on identifying a suitable target for acquisition. The company’s employee headcount remains stable, with no significant changes reported. The management has indicated that they are actively seeking potential business combinations and are prepared to extend the combination period if necessary. However, the company has expressed concerns regarding its liquidity, as it had no cash available outside the trust account as of June 30, 2025.

Looking ahead, the company has acknowledged substantial doubt about its ability to continue as a going concern if it fails to complete a business combination by the extended deadline. The management plans to address this uncertainty by pursuing the business combination with Maius and is actively seeking additional funding to support its operations. The company has also indicated that it may need to rely on loans from its sponsor or other affiliates to meet its operational needs. The outcome of these efforts will be critical in determining the future viability of DT Cloud Acquisition Corporation.