debt
confidence high
sentiment neutral
materiality 0.40
DT Cloud Star Acquisition secures up to $300K working capital loan from sponsor
DT Cloud Star Acquisition Corp
- Non-interest-bearing promissory note issued Oct 28, 2024, to sponsor DT Cloud Star Management Limited.
- Principal up to $300,000, due upon consummation of initial business combination.
- Sponsor may convert outstanding principal into private units at $10 per unit.
- Loan is for working capital related to business combination; trust account proceeds not used for repayment.
- Replaces an earlier promissory note; all prior indebtedness deemed outstanding under new note.