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An announcement from DT Cloud Acquisition Corp. ( (DYCQ) ) is now available.
DT Cloud Acquisition Corporation (DT Cloud) has announced an extraordinary general meeting of shareholders to vote on an amendment to its memorandum and articles of association. This amendment aims to reduce the monthly fee payable by the sponsor into the trust account, extending the deadline for the company’s initial business combination. The SPAC plans to enter into voting agreements with certain shareholders, incentivizing them to redeem a portion of their shares and forgo redemption rights on the remainder, in exchange for additional rights that convert into ordinary shares upon the completion of a business combination.
More about DT Cloud Acquisition Corp.
Average Trading Volume: 31,336
Technical Sentiment Signal: Strong Buy
See more insights into DYCQ stock on TipRanks’ Stock Analysis page.