Big Tree Cloud and Plutonian Close Business Combination

Big Tree Cloud International and Plutonian Acquisition announced the completion of their business combination. The listed company following the business combination is Big Tree Cloud Holdings Limited, and its shares and are expected to begin trading today on the under the tickers DSY and DSYWW.

Big Tree Cloud is focused on the development, production, and sales of personal care products and other consumer goods in China.

Plutonian shareholders unanimously approved the merger in April, but redemptions removed about $35.4 million from the trust, leaving $172,348. The SPAC has a private placement of nearly $2.7 million.

The deal was announced last October at an equity value of $500 million.

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Source: Big Tree Cloud and Plutonian Close Business Combination