DT Cloud Star Acquisition Corporation Reports Q3 2026 Financial Results with Net Loss

DT Cloud Star Acquisition Corporation reported its financial results for the third quarter of 2026, revealing a net loss of $21,129 for the three months ending September 30, 2026, compared to a net income of $582,964 for the same period in 2025. For the nine months ended September 30, 2026, the company recorded a net loss of $95,883, a significant decline from the net income of $1,844,746 reported in the prior year. The decrease in profitability is attributed to increased operating expenses, which rose to $586,661 for the nine-month period, up from $392,650 in 2025.

The company's total assets as of September 30, 2026, amounted to $19,070,102, an increase from $17,972,109 at the end of 2025. This growth was primarily driven by an increase in cash and marketable securities held in trust, which rose to $19,042,214 from $17,876,466. However, the company also experienced a rise in total liabilities, which increased to $2,340,764 from $1,146,888, largely due to an increase in amounts due to the sponsor, which rose to $1,648,144 from $384,050.

In terms of operational developments, DT Cloud Star Acquisition Corporation has been actively pursuing a business combination. The company entered into a Business Combination Agreement with PrimeGen US, Inc. on February 2, 2026, although the transaction has not yet been consummated. The company has extended its deadline to complete the business combination to October 26, 2027, following shareholder approval at the Annual General Meeting held on October 1, 2026. This extension allows the company additional time to identify and finalize a suitable acquisition target.

As of September 30, 2026, the company had 2,000,900 ordinary shares issued and outstanding, with 1,652,509 shares subject to possible redemption. The redemption of public shares has impacted the company's liquidity, with a working capital deficit of $1,622,876 reported, indicating challenges in sustaining operations without additional financing. The company plans to issue additional promissory notes to the sponsor or its affiliates to address liquidity needs.

Looking ahead, DT Cloud Star Acquisition Corporation remains focused on completing its initial business combination. However, management has expressed substantial doubt about the company's ability to continue as a going concern if the business combination is not completed within the extended timeframe. The company will continue to monitor its liquidity position closely and explore financing options to ensure sufficient capital resources are available for operational and transaction-related expenses.