DT Cloud Acquisition Corporation Announces Upcoming Automatic Unit Separation
April 10 2024 - 9:00AM
DT Cloud Acquisition Corporation (Nasdaq: DYCQU) (the “Company”)
announced today that, commencing Friday, April 12, 2024, holders of
the units sold in the Company’s initial public offering of
6,900,000 units (the “Units”) may commence separate trading of the
underlying component securities. Each Unit consists of one ordinary
share, par value $0.0001 per share (“Share”), and one right to
receive one-seventh (1/7) of one Share (“Right”) upon the
consummation of the Company’s initial business combination. Those
units not separated will continue to trade on the Nasdaq Global
Market (“Nasdaq”) under the symbol “DYCQU.”
The Shares and Rights that are separated will
trade on Nasdaq under the symbols “DYCQ” and “DYCQR,” respectively.
Holders of the Units will need to have their securities brokers
contact Continental Stock Transfer & Trust Company at 1 State
Street 30th Floor, New York, NY 10004-1561, the Company’s transfer
agent, in order to separate the Units into Shares and Rights.
The Units were initially offered by the Company
in an underwritten offering through Brookline Capital Markets, a
division of Arcadia Securities, LLC, which acted as the sole book
runner for the offering and as the representative of the
underwriters in the offering. A registration statement relating to
the Units and the underlying securities was declared effective by
the Securities and Exchange Commission (the “SEC”) on February 14,
2024. Copies of the registration statement can be accessed through
the SEC’s website at www.sec.gov.
About DT Cloud Acquisition
Corporation
The Company is a blank check company formed for
the purpose of effecting a merger, share exchange, asset
acquisition, stock purchase, reorganization or other similar
business combination with one or more businesses. While the Company
may pursue an initial business combination target in any business
or industry, it intends to focus its search on industries that
complement its management team’s background. The Company is led by
Shaoke Li, the Company’s Chief Executive Officer, and Guojian Chen,
the Company’s Chief Financial Officer.
Forward Looking Statements
This press release contains “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended and Section 21E of the Securities Exchange Act
of 1934, as amended and the Private Securities Litigation Reform
Act of 1995. Forward looking statements are statements that are not
historical facts. Such forward-looking statements are subject to
risks and uncertainties, which could cause actual results to differ
from the forward-looking statements. The Company expressly
disclaims any obligations or undertaking to release publicly any
updates or revisions to any forward-looking statements contained
herein to reflect any change in the Company’s expectations with
respect thereto or any change in events, conditions or
circumstances on which any statement is based.
Contact:
For investors:
DT Cloud Acquisition CorporationShaoke LiChief
Executive Officer30 Orange StreetLondonUnited Kingdom, WC2H
7HFEmail: jack.li@dtcloudspac.com
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