DT Cloud Acquisition Corporation Enters into Subscription Agreement for Private Placement –

On January 20, 2025, DT Cloud Acquisition Corporation (NASDAQ:DYCQU) entered into a Subscription Agreement with Maius Pharmaceutical Co., Ltd., Maius Pharmaceutical Group Co., Ltd., and various other entities related to a business combination agreement. This agreement paves the way for a series of mergers, including SPAC merging with Maius and further transactions, all aimed at creating a unified entity to be traded on The Nasdaq Stock Market LLC.

As part of the Subscription Agreement, an investor agreed to subscribe for and purchase 30,000 ordinary shares of the resulting company at $10.00 per share in a private placement. The closing of this Private Placement is contingent upon the completion of the other transactions detailed in the Business Combination Agreement.

The Subscription Agreement and the associated transactions are summarized in this Current Report on Form 8-K, with the full text of the Subscription Agreement provided as an exhibit. This move signifies a significant step in the strategic plans of DT Cloud Acquisition Corporation and its partners.

Forward-Looking Statements were also included in the report, outlining the expectations and future plans related to the agreement. As with any forward-looking statement, actual results may vary due to a myriad of factors and risks, as noted in the Risk Factors section of the report.

In connection with these transactions, a Registration Statement will be filed with the SEC to provide additional details to shareholders and interested parties. Further information will be made available via this filing, including a proxy statement and financial updates.

Participants in the solicitation of proxies from DT Cloud Acquisition Corporation’s shareholders include various directors, executives, and employees. Interested parties are advised to review the proxy statement/prospectus and other relevant documents filed with the SEC for a comprehensive understanding of the transactions.

This report emphasizes that it is not a solicitation for offerings or proxies but serves to inform stakeholders about the ongoing developments within the corporation. It encourages shareholders and investors to review all official documents regarding the proposed business combination for decision-making purposes.

Further financial details and relevant information regarding the recent transactions by DT Cloud Acquisition Corporation can be found on its official SEC filings. For those seeking more in-depth financial statements and exhibits, additional documents will be available for reference.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read DT Cloud Acquisition’s 8K filing here.

DT Cloud Acquisition Company Profile

DT Cloud Acquisition Corporation does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more target businesses. The company was incorporated in 2022 and is based in London, the United Kingdom.