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Big Tree Cloud Holdings Limited warrants are derivative securities that give holders the right to purchase shares of Big Tree Cloud Holdings Limited common stock at a specified exercise price before the expiration date. These warrants were issued as part of the company's special purpose acquisition company (SPAC) transaction. Warrant holders can exercise their rights to acquire common shares, typically at a premium to the stock price at the time of issuance. The warrants provide leveraged exposure to Big Tree Cloud's equity performance.