DT Cloud Acquisition approves proposals, $41.4M redeemed; voting agreements with investors

DT Cloud Acquisition Corp

Shareholders approved extension fee reduction to $60,000/month and related trust and charter amendments at May 23 meeting.
Holders of 3,872,314 shares redeemed at ~$10.69 per share, aggregate ~$41.4M drawn from trust.
SPAC entered voting agreements: redeem 75% of shares, keep 25%, receive 2 additional rights per non-redeemed share (7 rights = 1 share at close).
Target remains Maius Pharmaceutical Co., Ltd.; business combination still pending.

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