DT Cloud Star Acquisition Corp

DT Cloud Star Acquisition Corporation announced it received a delist determination letter from Nasdaq on July 15, 2026. The company failed to meet the minimum Market Value of Listed Securities (MVLS) of $50 million and the minimum 400 total shareholders requirement. While trading was set to be suspended on July 24, 2026, the company has timely submitted an appeal request, which will stay the suspension.

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.

DT Cloud Star Acquisition Corp. announced it entered into a Business Combination Agreement with PrimeGen US, Inc. on February 2, 2026, outlining a Redomestication Merger and an Acquisition Merger. For the first quarter of 2026, the company reported a net loss of $(110,289), a significant decrease from the $630,284 net income in the same period last year. The company also extended its business combination period to March 26, 2026, with a potential further extension to October 26, 2026, and its Trust Account balance grew to $18,259,482.

Dr. Xunyong Zhou resigned from his position as a Director of DT Cloud Star Acquisition Corporation, effective April 7, 2026. The company stated that Dr. Zhou's departure was not a result of any disagreement with the company, its Board of Directors, or any committee of the Board.

DT Cloud Star Acquisition Corporation (DTSQ) received a deficiency letter from Nasdaq on April 6, 2026, indicating non-compliance with Listing Rule 5450(a)(2), which mandates a minimum of 400 total public holders for continued listing on The Nasdaq Global Market. The company's shareholder analysis from March 27, 2026, revealed this deficiency. While this notice does not result in immediate delisting, DTSQ has 45 calendar days, until May 21, 2026, to submit a plan to regain compliance. The company is exploring all available options, including a potential transfer to The Nasdaq Capital Market, and intends to submit a compliance plan within the stipulated timeframe.