DT Cloud Star net loss turns to $74,754 in FY26 first half; operating costs rise to $394,383
DTSQ•Business combination update
The company entered a business combination agreement with PrimeGen US on Feb. 2, 2026; closing remains subject to regulatory and shareholder approvals.
First-half financial results
DT Cloud Star posted a net loss of $74,754 for the six months ended June 30, 2026, swinging from net income of $1.26 million a year earlier.
Operating costs climbed to $394,383 from $223,570, while interest earned on marketable securities fell to $319,629 from $1.49 million.
Redemptions and funding plans
5,247,491 shares were redeemed at a shareholder meeting, cutting liquidity; the SPAC plans additional promissory notes to the sponsor to fund expenses.
Liquidity and going-concern warning
Cash at bank totaled $341 at June 30, 2026, and working capital deficit widened to $980,611, raising substantial doubt about going concern.
