Schedule 13G/A: Virtus, Westchester, Merger Fund Report 0% in DYCQU

Rhea-AI Filing Summary

DT Cloud Acquisition Corp's Schedule 13G/A discloses that three reporting persons—Westchester Capital Management, Virtus Investment Advisers and The Merger Fund—report zero beneficial ownership of the issuer's ordinary shares (CUSIP G28524117). The filing lists the issuers' ordinary shares as the class and confirms each reporting person has 0 sole and shared voting and dispositive power and represents 0.0% of the class.

The filing also explains the advisory relationships: Virtus advises The Merger Fund and Westchester serves as a sub-advisor to the funds, with the funds holding shares on behalf of investors. The statement references the issuer's reported total outstanding shares of 7,094,633, and therefore clarifies these reporting persons do not hold a disclosed economic or voting stake in the company.

Positive

• Transparent disclosure by reporting persons listing legal status, advisory relationships and holdings
• Explicit confirmation of 0 beneficial shares and 0.0% ownership, eliminating ambiguity about control interests

Negative

• None.

Insights

Financial Analyst

TL;DR: Reporting persons disclose no beneficial stake, so no new investor influence is signaled by this 13G/A.

The Schedule 13G/A is a routine disclosure showing Westchester, Virtus and The Merger Fund report 0 shares and 0.0% ownership of DT Cloud's ordinary shares (CUSIP G28524117). From a market-impact perspective, the absence of holdings means these entities are not accumulating a position that would affect control or signal strategic intent. The filing transparently details advisory and sub-advisory relationships, which is useful for ownership mapping but does not indicate material shifts in ownership. Impact rating: 0 (neutral).

Corporate Governance Expert

TL;DR: Clear, complete disclosure with no material governance implications because reported ownership is nil.

The document properly identifies the reporting persons, their organizational jurisdictions, their advisory roles and certifies the securities are held in the ordinary course of business. Because each reporting person reports 0 voting and dispositive power and 0.0% of the class, there is no immediate governance influence or change in control to evaluate. The filing fulfills regulatory transparency requirements without presenting material governance risk or opportunity. Impact rating: 0 (neutral).

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

DT Cloud Acquisition Corp

(Name of Issuer)

Ordinary shares, $0.0001 par value per share

(Title of Class of Securities)

G28524117

(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. G28524117

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 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

Comment for Type of Reporting Person: * Based on 7,094,633 Shares outstanding as of March 21, 2025, as reported in the Issuer's Annual Report on Form 10-K/A filed with the Securities and Exchange Commission on June 16, 2025.

SCHEDULE 13G

CUSIP No. G28524117

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 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

Comment for Type of Reporting Person: * Based on 7,094,633 Shares outstanding as of March 21, 2025, as reported in the Issuer's Annual Report on Form 10-K/A filed with the Securities and Exchange Commission on June 16, 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. G28524117

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 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)

IV

Comment for Type of Reporting Person: * Based on 7,094,633 Shares outstanding as of March 21, 2025, as reported in the Issuer's Annual Report on Form 10-K/A filed with the Securities and Exchange Commission on June 16, 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 Acquisition Corp
(b)	Address of issuer's principal executive offices: 30 Orange Street, London, United Kingdom, WC2H 7HF
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. Westchester, a registered investment adviser, serves as sub-advisor to each of MF and JNL Multi-Manager Alternative Fund ("JARB", together with MF, 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.: G28524117
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: 0 Virtus Investment Advisers, LLC: 0 The Merger Fund: 0
(b)	Percent of class: Westchester Capital Management, LLC: 0.0% Virtus Investment Advisers, LLC: 0.0% The Merger Fund: 0.0%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Westchester Capital Management, LLC: 0 Virtus Investment Advisers, LLC: 0 The Merger Fund: 0
	(ii) Shared power to vote or to direct the vote: Westchester Capital Management, LLC: 0 Virtus Investment Advisers, LLC: 0 The Merger Fund: 0
	(iii) Sole power to dispose or to direct the disposition of: Westchester Capital Management, LLC: 0 Virtus Investment Advisers, LLC: 0 The Merger Fund: 0
	(iv) Shared power to dispose or to direct the disposition of: Westchester Capital Management, LLC: 0 Virtus Investment Advisers, LLC: 0 The Merger Fund: 0
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.

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

What does the DT Cloud (DYCQU) Schedule 13G/A disclose about ownership?

The filing states Westchester Capital Management, Virtus Investment Advisers and The Merger Fund each report 0 shares and 0.0% beneficial ownership of DT Cloud ordinary shares (CUSIP G28524117).

How many ordinary shares of DT Cloud are referenced in the filing?

The filing references a total of 7,094,633 ordinary shares outstanding as reported by the issuer.

Do the reporting persons have voting or dispositive power over DT Cloud shares?

No. Each reporting person reports 0 sole and 0 shared voting power and 0 sole and 0 shared dispositive power.

What relationships between the reporting persons are disclosed?

Virtus is the investment adviser to The Merger Fund, and Westchester serves as sub-advisor to The Merger Fund and JNL Multi-Manager Alternative Fund; the funds hold shares for investors.

What class of securities and CUSIP does the filing cover?

The filing covers ordinary shares, $0.0001 par value of DT Cloud Acquisition Corp with CUSIP G28524117.