Thu, May 15, 11:27 AM (39 days ago)
**DT Cloud Acquisition Corporation (DYCQ) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** No operating revenue generated; non-operating income from interest and dividends on trust account investments. - **Profit Margins:** Net income of $452,085 (Q1 2025) vs. $43,875 (Q1 2024), primarily from dividend income. - **Cash Flow:** Net cash used in operating activities was $253,559 (Q1 2025), with significant cash inflows from investing activities ($19,463,396) due to trust account deposits. - **Earnings Changes:** Significant increase in net income due to higher dividend income and lower formation costs. **Quarterly Performance Discussion:** - **Formation and Operating Costs:** $288,262 (Q1 2025) vs. $302,382 (Q1 2024). - **Dividend Income:** $740,346 (Q1 2025) vs. $346,257 (Q1 2024). - **Cash Position:** $1 (Q1 2025) vs. $152,021 (Q1 2024), with $53,622,021 in trust account. **Trends and Uncertainties:** - **Business Combination:** Ongoing efforts to complete a business combination with Shanghai Maius Pharmaceutical Technology Co., Ltd. - **Liquidity Risks:** Substantial doubt about the ability to continue as a going concern if a business combination is not completed by August 23, 2026. - **Geopolitical Risks:** Potential impacts from global conflicts and economic uncertainties. **Future Operations Impact:** - **Extension Fees:** Deposits made to extend the period for completing a business combination. - **Shareholder Redemptions:** Redemption of 1,868,367 shares at approximately $10.61 per share in March 2025. - **Trust Account:** $53,622,021 held in trust account as of March 31, 2025. **Key Metrics:** - **Cash and Investments Held in Trust Account:** $53,622,021 (Q1 2025) vs. $72,345,071 (Q1 2024). - **Total Assets:** $53,690,884 (Q1 2025) vs. $72,513,922 (Q1 2024). - **Total Liabilities and Shareholders' Deficit:** $53,690,884 (Q1 2025) vs. $72,513,922 (Q1 2024). **Conclusion:** DT Cloud Acquisition Corporation is focused on completing a business combination to generate operating revenue and ensure long-term sustainability. The company faces liquidity risks and geopolitical uncertainties but is taking steps to extend the period for completing a business combination and manage shareholder redemptions.