DT Cloud Star Acquisition Corporation has reported its financial results for the second quarter of 2025, revealing a net income of $631,498 for the three months ending June 30, 2025, compared to a net loss of $42,035 for the same period in 2024. For the first half of 2025, the company recorded a net income of $1,261,782, a significant improvement from a loss of $52,658 in the prior year. The increase in net income is attributed primarily to interest and dividends earned from marketable securities held in the trust account, which amounted to $742,159 for the quarter and $1,479,865 for the six-month period.
The company’s total assets as of June 30, 2025, were reported at $72,123,644, up from $70,907,898 at the end of 2024. This increase is largely due to the growth in marketable securities held in trust, which rose to $71,936,152 from $70,456,287. However, the company’s cash reserves decreased significantly, falling to $126,055 from $411,429 over the same period. Current liabilities also saw a reduction, decreasing to $65,851 from $111,887, indicating improved financial management.
In terms of operational developments, DT Cloud Star Acquisition Corporation has maintained its focus on identifying potential business combinations, as it is a blank check company formed to pursue mergers and acquisitions. The company completed its initial public offering (IPO) on July 26, 2024, raising $69 million, which is held in a trust account for future business combinations. As of June 30, 2025, the company had 6,900,000 ordinary shares subject to possible redemption, reflecting its ongoing commitment to shareholder interests.
The company has also reported a significant increase in its operational expenses, with formation and operating costs rising to $82,711 for the second quarter of 2025, compared to $42,035 in the same quarter of 2024. This increase is attributed to the costs associated with being a public company and the ongoing search for a target business. The total number of ordinary shares outstanding as of June 30, 2025, was 2,000,900, an increase from 1,500,000 shares in the previous year, reflecting the company's growth and capital structure adjustments.
Looking ahead, DT Cloud Star Acquisition Corporation remains focused on completing its initial business combination by the deadline of October 26, 2025. The company has indicated that it may seek additional funding through loans from its sponsor or affiliates to cover working capital needs and transaction costs. However, there is no assurance that a business combination will be successfully consummated, which raises concerns about the company's ability to continue as a going concern if it fails to meet its objectives within the specified timeframe.
About DT Cloud Star Acquisition Corp
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