DT Cloud Star Acquisition Corp. to Merge with PrimeGen US, Inc.
DT Cloud Star Acquisition Corp. (DTSQ) has entered into a Business Combination Agreement (BCA) with PrimeGen US, Inc. on February 2, 2026. The agreement details a two-part merger process: a Redomestication Merger and an Acquisition Merger, with PrimeGen US, Inc. surviving as the "Surviving Corporation." The acquisition is valued at $1,489,800,000, subject to adjustments for outstanding warrants and options. DT Cloud Star, a blank check company, aims to complete this business combination to provide PrimeGen US, Inc. with access to public capital markets. The company's initial public offering in July 2024 raised $69,000,000.
Key Highlights
- DT Cloud Star Acquisition Corp. entered into a Business Combination Agreement (BCA) with PrimeGen US, Inc. on February 2, 2026.
- The BCA outlines a Redomestication Merger and an Acquisition Merger, with PrimeGen US, Inc. (Target) surviving.
- The Target will be acquired for an aggregate value of $1,489,800,000, adjusted for outstanding warrants and options.
- DT Cloud Star Acquisition Corp. is a blank check company formed for the purpose of effecting a business combination.
- The company's initial public offering on July 26, 2024, raised $69,000,000 in gross proceeds.
Price Impact
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