Mon, Jun 16, 10:58 AM (27 days ago)
**Summary of DT Cloud Acquisition Corporation (Ticker: DYCQ)** **Financial Performance:** - **Revenue:** No revenue generated as of the fiscal year ended December 31, 2024. - **Net Income:** $2,265,806 for the year ended December 31, 2024. - **Operating Expenses:** $734,291 for the year ended December 31, 2024. - **Earnings Per Share (EPS):** Not explicitly stated, but the company reported a net income of $2,265,806. **Strategic Overview:** - **Business Model:** DT Cloud Acquisition Corporation is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. - **Target Industry:** The company's efforts to identify a prospective target business are not limited to a particular industry or geographic region. - **Management Team:** Led by Mr. Shaoke Li, the management team has combined deal-making and investment experience. **Future Outlook:** - **Business Combination:** The company entered into a business combination agreement with Maius Pharmaceutical Co., Ltd. on October 22, 2024. - **Extension of Deadline:** The company has extended the deadline to complete an initial business combination to April 23, 2025, with the possibility of further extensions up to 27 months from the closing of the IPO. **Risk Factors:** - **Market Risks:** The company faces risks related to the market for initial public offerings, competition from other special purpose acquisition companies, and regulatory scrutiny. - **Operational Risks:** The company's ability to complete a business combination is subject to various risks, including the ability to identify a suitable target, regulatory approvals, and market conditions. - **Financial Risks:** The company's financial condition is dependent on the successful completion of a business combination and the availability of funds. **Financial Condition:** - **Cash and Cash Equivalents:** As of December 31, 2024, the company had $152,021 in cash and cash in escrow. - **Working Capital:** The company had a working capital deficit of $128,968 as of December 31, 2024. **Market Position Changes:** - **Stock Performance:** The company's units have been traded on Nasdaq under the symbols "DYCQU" since February 21, 2024. As of March 25, 2025, there were 12 holders of record of the ordinary shares. - **Dividends:** The company has not paid any cash dividends on its ordinary shares as of the date of this report and does not intend to pay cash dividends prior to the completion of its initial business combination.