DT CLOUD ACQUISITION CORP.

General Information
Business:

We intend to initially focus on those industries or sectors that complement our management team’s background. (Incorporated in the Cayman Islands)

Note: Shaoke (Jack) Li, age 39, is our CEO  and Chairperson of the Board of Directors, according to an F-1/A filing dated Dec. 19, 2023. He replaced Olivia Wenxi He, 44, who remains a director serving on DT Cloud Acquisition’s board of directors. Mr. Li’s bio is below: 

Shaoke Li. Mr. Li, our Chief Executive Officer and Chairperson of the Board of Directors, has over 11 years of experience in international trade and investment. From October 2017 to August 2022, Mr. Li served as the secretary to the board of director and head of investor relations of Canaan Inc.(Nasdaq. CAN), a company which provides semiconductor solutions. From November 2016 to July 2017, Mr. Li served as a partner of Zhejiang Yinxinggu Capital, an investment fund. From February 2015 to October 2016, Mr. Li served as the legal representative and vice general manager of investment at Yifang Investment Co., Ltd., an investment company. From March 2014 to October 2016, Mr. Li served as the director of capital markets department at Yifang (Shanghai) Commercial Factoring Co., Ltd. Mr. Li obtained a bachelor’s degree in accountancy from the Concordia University in Canada in 2008. We believe that Mr. Li is qualified to serve on our board of directors based on his solid experience in the international trade and investment industries.

Note: Guojian Chen, age 31, is our CFO and a director serving on our board of directors, according to an F-1/A filing dated Jan. 23, 2024. He replaced Thomas Trent Stout, 45, our former CFO, who remains a member of our of board of directors. Mr. Chen’s bio is below:

Guojian Chen. Mr. Chen is our Chief Financial Officer and Director. Since March 2021, Mr. Chen has been the chief financial officer and director of Alpha Star Acquisition Corporation (Nasdaq: ALSA), a blank check company. Since May 2020, Mr. Chen has been the secretary of the board of directors of Board of Beijing ChinaReel Art Exchange Inc., a leading copyright operator focusing on high-quality video content. From February 2021 to December 2022, Mr. Chen was an independent director of Venus Acquisition Corporation (Nasdaq: Vena), previously a blank check company, now known as MicroAlgo Inc. (Nasdaq: MLGO). From May 2019 to May 2020, Mr. Chen served as a director of Beijing Zhongqixinhe Enterprise Management Consulting Co., Ltd., a financial advisory firm with focuses on financial, real estate and TMT industry. From July 2018 to May 2019, Mr. Chen served as an analyst of Zhongrong Huitong Investment Fund Management (Zhuhai) Co., Ltd, an investment fund. Mr. Chen received his Bachelor of Management degree from Renmin University of China in 2015, and Master of Finance from the University of Chinese Academy of Sciences in June 2018. We believe that Mr. Chen is qualified to serve on our board of directors based on his solid experience in the business and finance industry.

Note: Here are the bios of Olivia Wenxi He, our former CEO and board chairperson, and Thomas Trent Stout, our former CFO. Both remain as directors, serving on our board of directors:

– Olivia Wenxi He is our former CEO and Chairperson of the Board of Directors. Ms. He continues to serve on our board of directors. She has over 15 years of experience in the investment banking industry. Since June 2021, Ms. He serves as the chief financial officer of Metal Sky Star Acquisition Corporation (NASDAQ: MSSA), a special purpose acquisition company. Since February 2019, Ms. He serves as chief investment officer at KX Power Limited, an asset management company based in London, specializing in the development and management of renewable energy and power generation assets. Prior to joining KX Power Limited, she served as the managing director and global head of Commodity Exchange Traded Products at Bank of America Merrill Lynch in London. She was responsible for initiating and executing strategic solutions and issuance, trading physical and synthetic commodity products, and managing portfolio assets in energy, metals and agriculture, with a wide variety of commodity, currency and interest-rate risk. Prior to that, Ms. He traded and structured commodity derivative products at Citigroup, fixed income security products with a focus on structured credit and rates at UBS and RBC Capital Markets. Ms. He holds master’s degrees in both Mathematical Finance and Engineering from University of Toronto, and a bachelor’s degree in Engineering from Tongji University. We believe that Ms. He is qualified to serve on our board of directors based on her solid experience in the investment banking industry.

Thomas Trent Stout. Mr. Stout is our former CFO. He remains a director on the company’s board of directors.. Since July 2020, Mr. Stout has been the senior managing director and the head of blockchain of Priority Power Management, LLC, an energy management and consulting services firm focused on energy supply, information, and demand management. Since July 2020, Mr. Stout has been a partner, president and a senior advisory team member of KX Power Limited, an asset management company based in London. From January 2017 to June 2020, Mr. Stout served as a founder and principal of PowerLink Partners, LLC, an investment vehicle and consulting firm focused on the energy industry. From April 2012 to December 2016, Mr. Stout served as a managing director and a head of global commodity index & products of Bank of America Corporation (NYSE: BAC) in Houston and London, a multinational investment bank and financial services holding company. He obtained a master’s degree in Business Administration from the University of Chicago, and a bachelor’s degree in Business Administration from Texas Christian University. in 2004 and 2000, respectively.

(Note: DT Cloud Acquisition Corp. priced its SPAC IPO on Tuesday night, Feb. 20, 2024, in sync with the terms in its prospectus:  6.0 million units at $10.00 each to raise $60.0 million. This is a NASDAQ listing. Each unit consists of one share of common stock and one right to receive one-seventh (1/7) of one ordinary share upon the consummation of an initial business combination.) 

(Note: DT Cloud Acquisition Corp. revised the structure of the unit in its SPAC IPO in an S-1/A filing dated Dec. 19, 2023, to one ordinary share of common stock and one right to receive one-seventh (1/7) of one ordinary share upon the consummation of the an initial business combination. The blank check company dropped the redeemable warrant from the unit in that Dec. 19, 2023, SEC filing, and it changed the right’s definition to the right to receive 1/7 (one-seventh) of a share – from the right to receive 1/20 (one-twentieth of a share) – of common stock upon the completion of an initial business combination. Background: DT Cloud Acquisition Corp. filed its S-1 on Aug. 31, 2022, and disclosed the original terms of its SPAC IPO – 6.0 million units at $10.00 each to raise $60.0 million – with each unit consisting of one share of common stock, one redeemable warrant and one right to receive 1/20 (one-twentieth) of a share of stock upon completion of an initial business combination.)

 

Industry: BLANK CHECK
Employees: 0
Founded: 2022
Contact Information
Address 30 Orange Street London United Kingdom, WC2H 7HF
Phone Number 44 791 872 5316
Web Address
View Prospectus: DT CLOUD ACQUISITION CORP.
Financial Information
Market Cap $78.07mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol DYCQU
Exchange NASDAQ
Shares (millions): 6.0
Price range $10.00 - $10.00
Est. $ Volume $60.0 mil
Manager / Joint Managers Brookline Capital Markets
CO-Managers
Expected To Trade: 2/21/2024
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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