DT Cloud Star Acquisition Corporation received an updated ownership report from several institutional investors. Westchester Capital Management, LLC reports beneficial ownership of 183,531 ordinary shares, representing 5.09% of the class, based on 3,603,409 shares outstanding as of October 22, 2025.
Other reporting persons include Westchester Capital Partners, LLC with 4,191 shares (0.12%), Virtus Investment Advisers, LLC with 166,458 shares (4.62%), and The Merger Fund with 150,697 shares (4.18%). The investors state the shares were acquired and are held in the ordinary course of business and not to change or influence control of the issuer.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
DT Cloud Star Acquisition Corporation
(Name of Issuer)
Ordinary shares, $0.0001 par value per share
(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
Westchester Capital Management, LLC
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
17,073.00
6
Shared Voting Power
166,458.00
7
Sole Dispositive Power
17,073.00
8
Shared Dispositive Power
166,458.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
183,531.00
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)
5.09 %
12
Type of Reporting Person (See Instructions)
IA
Comment for Type of Reporting Person: * Based on 3,603,409 Shares outstanding as of October 22, 2025, as reported in the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on October 29, 2025.
SCHEDULE 13G
CUSIP No.
G2853N106
1
Names of Reporting Persons
Westchester Capital Partners, LLC
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
4,191.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
4,191.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,191.00
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 %
12
Type of Reporting Person (See Instructions)
IA
Comment for Type of Reporting Person: * Based on 3,603,409 Shares outstanding as of October 22, 2025, as reported in the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on October 29, 2025.
SCHEDULE 13G
CUSIP No.
G2853N106
1
Names of Reporting Persons
Virtus Investment Advisers, LLC
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
166,458.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
166,458.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
166,458.00
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)
4.62 %
12
Type of Reporting Person (See Instructions)
IA
Comment for Type of Reporting Person: * Based on 3,603,409 Shares outstanding as of October 22, 2025, as reported in the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on October 29, 2025.
The amounts reported on this page are also included in the amounts reported by Westchester Capital Management, LLC on this Schedule 13G.
SCHEDULE 13G
CUSIP No.
G2853N106
1
Names of Reporting Persons
The Merger Fund
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
MASSACHUSETTS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
150,697.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
150,697.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
150,697.00
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)
4.18 %
12
Type of Reporting Person (See Instructions)
IV
Comment for Type of Reporting Person: * Based on 3,603,409 Shares outstanding as of October 22, 2025, as reported in the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on October 29, 2025.
The amounts reported on this page are also included in the amounts reported by Virtus Investment Advisers, LLC on this Schedule 13G.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
DT Cloud Star Acquisition Corporation
(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 being filed jointly by the following (each, a "Reporting Person," and collectively, the "Reporting Persons"): Westchester Capital Management, LLC ("Westchester"), a Delaware limited liability company, Westchester Capital Partners, LLC ("WCP"), a Delaware limited liability company, Virtus Investment Advisers, LLC ("Virtus"), a Delaware limited liability company, and The Merger Fund ("MF"), a Massachusetts business trust.
Virtus, a registered investment adviser, serves as the investment adviser to MF, The Merger Fund VL ("MF VL") and Virtus Westchester Credit Event Fund ("CEF"). Westchester, a registered investment adviser, serves as sub-advisor to each of MF, MF VL, CEF, JNL Multi-Manager Alternative Fund ("JARB"), JNL/Westchester Capital Event Driven Fund ("JNL") and Principal Funds, Inc. - Global Multi-Strategy Fund ("PRIN"). WCP, a registered investment adviser, serves as investment adviser to Westchester Capital Master Trust ("Master Trust", together with MF, MF VL, CEF, JARB, JNL and PRIN, the "Funds"). The Funds directly hold Ordinary Shares of the Company for the benefit of the investors in those Funds. Mr. Roy Behren and Mr. Michael T. Shannon each serve as Co-Presidents of Westchester and WCP.
Westchester and WCP often make acquisitions in, and dispose of, securities of an issuer on the same terms and conditions and at the same time. Based on the foregoing and the relationships described herein, these parties may be deemed to constitute a "group" for purposes of Section 13(g)(3) of the Act. The filing of this statement shall not be construed as an admission that the Reporting Persons are a group, or have agreed to act as a group.
(b)
Address or principal business office or, if none, residence:
Westchester Capital Management, LLC
100 Summit Lake Drive, Valhalla, NY 10595
Westchester Capital Partners, LLC
100 Summit Lake Drive, Valhalla, NY 10595
Virtus Investment Advisers, LLC
One Financial Plaza, Hartford, CT 06103
The Merger Fund
101 Munson Street, Greenfield, MA 01301-9683
(c)
Citizenship:
Each of Westchester, WCP and Virtus are organized under the laws of the State of Delaware. MF is organized under the laws of the State of Massachusetts.
(d)
Title of class of securities:
Ordinary shares, $0.0001 par value per share
(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:
Westchester Capital Management, LLC: 183,531
Westchester Capital Partners, LLC: 4,191
Virtus Investment Advisers, LLC: 166,458
The Merger Fund: 150,697
(b)
Percent of class:
Westchester Capital Management, LLC: 5.09%
Westchester Capital Partners, LLC: 0.12%
Virtus Investment Advisers, LLC: 4.62%
The Merger Fund: 4.18%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Westchester Capital Management, LLC: 17,073
Westchester Capital Partners, LLC: 4,191
Virtus Investment Advisers, LLC: 0
The Merger Fund: 0
(ii) Shared power to vote or to direct the vote:
Westchester Capital Management, LLC: 166,458
Westchester Capital Partners, LLC: 0
Virtus Investment Advisers, LLC: 166,458
The Merger Fund: 150,697
(iii) Sole power to dispose or to direct the disposition of:
Westchester Capital Management, LLC: 17,073
Westchester Capital Partners, LLC: 4,191
Virtus Investment Advisers, LLC: 0
The Merger Fund: 0
(iv) Shared power to dispose or to direct the disposition of:
Westchester Capital Management, LLC: 166,458
Westchester Capital Partners, LLC: 0
Virtus Investment Advisers, LLC: 166,458
The Merger Fund: 150,697
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
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.
Westchester Capital Management, LLC
Signature:
/s/ CaSaundra Wu
Name/Title:
CaSaundra Wu / Chief Compliance Officer
Date:
02/13/2026
Westchester Capital Partners, LLC
Signature:
/s/ CaSaundra Wu
Name/Title:
CaSaundra Wu / Chief Compliance Officer
Date:
02/13/2026
Virtus Investment Advisers, LLC
Signature:
/s/ Chetram Persaud
Name/Title:
Chetram Persaud / Chief Compliance Officer
Date:
02/13/2026
The Merger Fund
Signature:
/s/ Daphne Chisolm
Name/Title:
Daphne Chisolm / Vice President, Counsel and Assistant Secretary
