Big Tree Cloud's shares and warrants are expected to begin
trading on Nasdaq under the tickers "DSY" and "DSYWW",
respectively, on June 7, 2024
SHENZHEN, China, June 6, 2024
/PRNewswire/ -- Big Tree Cloud International Group Limited ("Big
Tree Cloud" or the "Company"), a company devoted to the
development, production, and sales of personal care products and
other consumer goods in China, and
Plutonian Acquisition Corp. ("Plutonian") (Nasdaq: PLTN), a
publicly traded special purpose acquisition company, today
announced the completion of their previously announced business
combination. The listed company following the business combination
is Big Tree Cloud Holdings Limited and its shares and warrants are
expected to begin trading on Nasdaq under the tickers "DSY", and
"DSYWW", respectively, on June 7,
2024.
Mr. Wenquan Zhu, Founder,
Chairman, and Chief Executive Officer of Big Tree Cloud, stated
that "We are excited to reach this milestone as we complete our
business combination with Plutonian and prepare for our Nasdaq
debut. We have achieved solid progress since our inception in 2020,
and we are excited about the growth opportunities for enhancing
personal and hygienic care for families in China and globally. Our Nasdaq listing will
expedite our mission to provide premium personal care products and
diversify our product portfolio."
Wei Kwang Ng, Chief Executive
Officer of Plutonian, commented, "Plutonian is proud to complete
this business combination with Big Tree Cloud, and we look forward
to the next chapter in the company's growth story. We are excited
for the opportunities, and believe that Big Tree Cloud is well
positioned to continue the growth of its business and deliver
sustainable shareholder value."
Advisors
Pillsbury Winthrop Shaw Pittman LLP, Commerce & Finance Law
Offices and Maples Group served as legal counsel to Big Tree Cloud.
Wilson Sonsini Goodrich &
Rosati, P.C. and Global Law Office served as legal counsel to
Plutonian.
About Big Tree Cloud
Big Tree Cloud is a consumer-oriented and mission-driven company
dedicated to the development, production and sales of personal care
products and other consumer goods in China. Founded in 2020, Big Tree Cloud is
committed to delivering high-quality products that cater to the
needs of modern, health-conscious, and independent consumers. Big
Tree Cloud's innovative approach and strong community engagement
set it apart in the industry, making it a trusted brand in the
personal care market.
About Plutonian Acquisition Corp.
Plutonian Acquisition Corp. is a Delaware corporation incorporated as a blank
check company for the purpose of entering into a merger, share
exchange, asset acquisition, share purchase, recapitalization,
reorganization or similar business combination with one or more
businesses or entities. Plutonian's efforts to identify a
prospective target business will not be limited to a particular
industry or geographic region, although it intends to focus its
search for a target business on companies engaged in metaverse
technologies, tourism and e-commerce related industries in the
Asia-Pacific, or APAC, region.
Plutonian affirmatively excludes as an initial business combination
target any company of which financial statements are audited by an
accounting firm that the United States Public Company Accounting
Oversight Board is unable to inspect for two consecutive years
beginning in 2021 and any target company with China operations consolidated through a VIE
structure.
Forward-Looking Statements
This communication contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements generally relate to future
events or Big Tree Cloud's future financial or operating
performance. In some cases, you can identify forward looking
statements because they contain words such as "may," "will,"
"should," "expects," "plans," "anticipates," "going to," "could,"
"intends," "target," "projects," "contemplates," "believes,"
"estimates," "predicts," "potential" or "continue" or the negative
of these words or other similar terms or expressions that concern
Big Tree Cloud's expectations, strategy, priorities, plans or
intentions. By their very nature, forward-looking statements
involve inherent risks and uncertainties, both general and
specific, and there are risks that the predictions, forecasts,
projections and other forward-looking statements will not be
achieved. You should understand that a number of factors could
cause actual results to differ materially from the plans,
objectives, expectations, estimates and intentions expressed in
such forward-looking statements, including the risks set forth
under "Risk Factors" in our Registration Statement on Form F-4 and
our other SEC filings. Big Tree Cloud cautions readers not to place
undue reliance upon any forward-looking statements, which speak
only as of the date made. Big Tree Cloud does not undertake or
accept any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements to reflect
any change in its expectations or any change in events, conditions
or circumstances on which any such statement is based.
Investor Relations Contact
ICR, LLC
Robin Yang
Phone: +1 (646) 308-1649
Email: BigTreeCloud.IR@icrinc.com
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SOURCE Big Tree Cloud International Group Limited