DT Cloud Star Acquisition Corporation received an updated ownership report from Wolverine Asset Management and related parties. They report beneficial ownership of 140,506 ordinary shares of the issuer’s $0.0001 par value ordinary shares, representing 3.9% of the outstanding class.
The filing, dated as of an event on 12/31/2025, lists Wolverine Asset Management, LLC, Wolverine Holdings, LLC, and individuals Christopher L. Gust and Robert R. Bellick as reporting persons. They share voting and dispositive power over these shares and certify the position is held in the ordinary course of business, not to change or influence control.
DT Cloud Star Acquisition Corporation and PrimeGen US, Inc. announced they have entered into a business combination agreement under which PrimeGen will combine with DTCS through newly formed subsidiaries. This transaction would effectively take PrimeGen public via DTCS, subject to shareholder approvals and other closing conditions.
The companies highlight forward-looking expectations around a potential Nasdaq listing, use of capital, clinical trial progress, regulatory submissions and approvals, and commercialization of PrimeGen’s product candidates and technology platform. They also outline extensive risks, including failure to close the deal on time or at all, high shareholder redemptions, not meeting Nasdaq listing standards, clinical and regulatory setbacks, additional capital needs, and intellectual property and product liability exposure.
DT Cloud Star Acquisition Corp received an amended Schedule 13G showing that Feis Equities LLC and Lawrence M. Feis beneficially own 352,550 ordinary shares, or 9.78% of the company. This ownership percentage is based on 3,603,409 ordinary shares outstanding as of October 22, 2025.
Both reporting persons have sole voting and dispositive power over these shares and report no shared power. They certify that the securities were not acquired and are not held for the purpose of changing or influencing control of the issuer, consistent with a passive investment intent.
DT Cloud Star Acquisition Corporation reported that it received a Nasdaq deficiency notice on January 15, 2026 because its Market Value of Listed Securities was below the $50,000,000 minimum required under Nasdaq Listing Rule 5450(b)(2)(A). The company has 180 days, until July 14, 2026, for its market value to close at or above $50,000,000 for at least ten consecutive business days to regain compliance. If it fails to do so, its securities may be subject to delisting, though it could appeal to a hearings panel or seek a transfer to the Nasdaq Capital Market. The company states it is evaluating options and intends to use reasonable efforts to regain compliance but acknowledges there is no assurance it will succeed.