Three Reporting Persons Report ~6.8% Positions in DT Cloud Star (DTSQU)

Rhea-AI Filing Summary

Schedule 13G filed for DT Cloud Star Acquisition Corp (Ordinary shares, CUSIP G2853N106) discloses that Westchester Capital Management, Virtus Investment Advisers and The Merger Fund report beneficial ownership positions in the issuer. Westchester reports 619,817 shares (6.96%), Virtus reports 606,893 shares (6.82%) and The Merger Fund reports 602,791 shares (6.77%), based on 8,900,900 shares outstanding as reported by the issuer. The filing shows shared voting and dispositive power among the reporting persons, while Westchester reports sole voting and dispositive power for 12,924 shares. The filing includes a certification that the securities are held in the ordinary course of business and were not acquired to influence control of the issuer.

Positive

• Material ownership disclosed: Westchester reports 619,817 shares (6.96%), Virtus reports 606,893 shares (6.82%), The Merger Fund reports 602,791 shares (6.77%).
• Clear reporting of voting/dispositive powers: Shared and sole powers are itemized, improving transparency.
• Certification of passive intent: Reporting persons certified holdings are in the ordinary course of business and not to influence control.

Negative

• None.

Insights

Financial Analyst

TL;DR: Passive but material stakes disclosed; aggregated ownership under 10% suggests no control intent.

The Schedule 13G reports three related reporting persons holding single-digit, material positions in DT Cloud Star Acquisition Corp. Westchester Capital Management reports the largest aggregate position at 619,817 shares (6.96%). The record explicitly notes overlapping inclusions: The Merger Fund's shares are included in Virtus's totals and Virtus's totals are included in Westchester's totals. Reporting of shared voting and dispositive power is consistent with advisory/sub-advisory relationships disclosed. The certification that holdings are in the ordinary course and not for control purposes further characterizes these as passive, informational disclosures rather than an activist or control-seeking stake.

Corporate Governance Expert

TL;DR: Disclosure improves transparency; shared voting power reflects adviser-client relationships rather than unified control.

The filing identifies the reporting persons as an investment adviser (Virtus) and a sub-adviser (Westchester) with a client fund (The Merger Fund) holding shares. The presence of shared voting and shared dispositive power across the entities, plus a small amount of sole power held by Westchester, is consistent with portfolio-management structures where ownership is reported at multiple levels. The explicit certification that the securities are not held to influence control reduces regulatory concern about coordinated control actions. For governance monitoring, these positions are material for disclosure but do not, on their face, indicate a change in issuer control.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

DT Cloud Star Acquisition Corp

(Name of Issuer)

Ordinary shares, $0.0001 par value per share

(Title of Class of Securities)

G2853N106

(CUSIP Number)

06/30/2025

(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 12,924.00
6	Shared Voting Power 606,893.00
7	Sole Dispositive Power 12,924.00
8	Shared Dispositive Power 606,893.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

619,817.00

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)

6.96 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: * Based on 8,900,900 Shares outstanding as of May 14, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 14, 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 606,893.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 606,893.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

606,893.00

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)

6.82 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: * Based on 8,900,900 Shares outstanding as of May 14, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 14, 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 602,791.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 602,791.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

602,791.00

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)

6.77 %

12

Type of Reporting Person (See Instructions)

IV

Comment for Type of Reporting Person: * Based on 8,900,900 Shares outstanding as of May 14, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 14, 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 Corp
(b)	Address of issuer's principal executive offices: 300 Cadman Plaza West, 12th Floor, Brooklyn, New York, 11201
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, 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 and The Merger Fund VL ("MF VL"). Westchester, a registered investment adviser, serves as sub-advisor to each of MF, MF VL and JNL Multi-Manager Alternative Fund ("JARB", together with MF and MF VL, 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.
(b)	Address or principal business office or, if none, residence: Westchester Capital Management, 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 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: 619,817 Virtus Investment Advisers, LLC: 606,893 The Merger Fund: 602,791
(b)	Percent of class: Westchester Capital Management, LLC: 6.96% Virtus Investment Advisers, LLC: 6.82% The Merger Fund: 6.77%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Westchester Capital Management, LLC: 12,924 Virtus Investment Advisers, LLC: 0 The Merger Fund: 0
	(ii) Shared power to vote or to direct the vote: Westchester Capital Management, LLC: 606,893 Virtus Investment Advisers, LLC: 606,893 The Merger Fund: 602,791
	(iii) Sole power to dispose or to direct the disposition of: Westchester Capital Management, LLC: 12,924 Virtus Investment Advisers, LLC: 0 The Merger Fund: 0
	(iv) Shared power to dispose or to direct the disposition of: Westchester Capital Management, LLC: 606,893 Virtus Investment Advisers, LLC: 606,893 The Merger Fund: 602,791
Item 5.	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.

Westchester Capital Management, LLC

Signature:	/s/ CaSaundra Wu
Name/Title:	CaSaundra Wu, Chief Compliance Officer
Date:	08/14/2025

Virtus Investment Advisers, LLC

Signature:	/s/ Chetram Persaud
Name/Title:	Chetram Persaud, Chief Compliance Officer
Date:	08/14/2025

The Merger Fund

Signature:	/s/ Daphne Chisolm
Name/Title:	Daphne Chisolm, Vice President, Counsel and Assistant Secretary
Date:	08/14/2025

FAQ

Who filed the Schedule 13G for DTSQU?

Westchester Capital Management, LLC; Virtus Investment Advisers, LLC; and The Merger Fund jointly filed the Schedule 13G.

How many DTSQU shares does Westchester Capital Management report owning?

619,817 shares, representing 6.96% of the class based on 8,900,900 shares outstanding reported by the issuer.

What percent of DTSQU does The Merger Fund report owning?

6.77% representing 602,791 shares.

Do the reporting persons have voting power over DTSQU shares?

Yes. Westchester reports sole voting power for 12,924 shares and shared voting power is reported for larger holdings among the reporting persons.

Were the shares acquired to influence control of DT Cloud Star (DTSQU)?

No. The filing includes a certification that the securities were acquired and are held in the ordinary course of business and were not acquired to influence control.