Hudson Bay exits DT Cloud Star (NASDAQ: DTSQ) with 0% reported ownership

Rhea-AI Filing Summary

DT Cloud Star Acquisition Corp received an amended Schedule 13G/A from Hudson Bay Capital Management LP and Sander Gerber reporting they no longer hold any beneficial ownership of its ordinary shares. The filing shows 0 shares beneficially owned, representing 0% of the class, with no voting or dispositive power.

The reporting persons indicate prior holdings were managed through HB Strategies LLC and that Gerber disclaims beneficial ownership. They also certify the securities were acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of the company.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

DT Cloud Star Acquisition Corp

(Name of Issuer)

Ordinary Shares, par value $0.0001

(Title of Class of Securities)

G2853N106

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G2853N106

1

Names of Reporting Persons

Hudson Bay Capital Management LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

CUSIP No. G2853N106

1

Names of Reporting Persons

Sander Gerber

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: DT Cloud Star Acquisition Corp
(b)	Address of issuer's principal executive offices: Office 51, 10 Fl, 31 Hudson Yards, New York, NY 10001
Item 2.
(a)	Name of person filing: This statement is filed by Hudson Bay Capital Management LP (the "Investment Manager") and Mr. Sander Gerber ("Mr. Gerber"), who are collectively referred to herein as "Reporting Persons."
(b)	Address or principal business office or, if none, residence: The address of the business office of each of the Reporting Persons is 290 Harbor Dr., Stamford, CT 06902.
(c)	Citizenship: The Investment Manager is a Delaware limited partnership. Mr. Gerber is a United States citizen.
(d)	Title of class of securities: Ordinary Shares, par value $0.0001
(e)	CUSIP No.: G2853N106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The Investment Manager serves as the investment manager to HB Strategies LLC, in whose name the securities reported herein were held. As such, the Investment Manager may have been deemed to be the beneficial owner of all Class A ordinary shares, par value $0.0001 of DT Cloud Star Acquisition Corporation held by HB Strategies LLC. Mr. Gerber serves as the managing member of Hudson Bay Capital GP LLC, which is the general partner of the Investment Manager. Mr. Gerber disclaims beneficial ownership of these securities.
(b)	Percent of class: 0%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(ii) Shared power to vote or to direct the vote: The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(iii) Sole power to dispose or to direct the disposition of: The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(iv) Shared power to dispose or to direct the disposition of: The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Hudson Bay Capital Management LP

Signature:	/s/ Sander Gerber
Name/Title:	Sander Gerber, Authorized Signatory
Date:	02/10/2026

Sander Gerber

Signature:	/s/ Sander Gerber
Name/Title:	Sander Gerber, individually
Date:	02/10/2026

FAQ

What does the DTSQ Schedule 13G/A filing report about Hudson Bay Capital’s ownership?

The Schedule 13G/A shows Hudson Bay Capital Management LP and Sander Gerber now report beneficial ownership of 0 ordinary shares of DT Cloud Star Acquisition Corp, representing 0% of the class, with no voting or dispositive power over any shares.

Who are the reporting persons in the DT Cloud Star (DTSQ) Schedule 13G/A?

The filing lists Hudson Bay Capital Management LP as the investment manager and Sander Gerber as a reporting person. Gerber is managing member of Hudson Bay Capital GP LLC and is a United States citizen, while the investment manager is a Delaware limited partnership.

What type of DT Cloud Star (DTSQ) securities are covered in this Schedule 13G/A?

The filing covers ordinary shares with a par value of $0.0001 of DT Cloud Star Acquisition Corp. These shares are identified by CUSIP G2853N106, and the report focuses on beneficial ownership and control-related information for those securities.

What does ‘ownership of 5 percent or less’ mean in the DTSQ Schedule 13G/A?

The filing states the reporting persons have ownership of 5 percent or less of the class, specifically 0%. This indicates they no longer hold a reportable stake requiring disclosure as 5% or greater beneficial owners under Schedule 13G rules.

How were DT Cloud Star (DTSQ) shares previously held by the reporting persons?

The report explains the investment manager served as investment manager to HB Strategies LLC, in whose name the DT Cloud Star Class A ordinary shares were held. On this basis, the investment manager could have been deemed the beneficial owner of those securities before reaching zero ownership.

What does the DTSQ Schedule 13G/A say about intentions regarding control of the issuer?

The certification states the securities were acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of DT Cloud Star Acquisition Corp, nor in connection with any transaction intended to have that control-related effect.

When did the ownership change triggering this DTSQ Schedule 13G/A occur?

The filing lists December 31, 2025 as the date of the event requiring this statement. That date marks when the reporting persons’ beneficial ownership position, now reported as 0 shares and 0% of the class, triggered the need to amend their Schedule 13G filing.