SCHEDULE: Key Funds Divest Entire Stake in DT Cloud Acquisition

Westchester Capital Management, Virtus Investment Advisers, and The Merger Fund report 0% beneficial ownership in DT Cloud Acquisition Corp.

Summary

• Westchester Capital Management, LLC, Virtus Investment Advisers, LLC, and The Merger Fund have jointly filed an Amendment No. 1 to Schedule 13G.
• The filing indicates that all three reporting persons now beneficially own 0.00 shares of DT Cloud Acquisition Corp.'s Ordinary Shares.
• This represents 0% of the class of securities outstanding.
• The beneficial ownership is based on 7,094,633 Ordinary Shares outstanding as of March 21, 2025, as reported in the Issuer's Annual Report on Form 10-K/A filed on June 16, 2025.
• The securities were acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 4

Explanation: The filing indicates a complete divestment by institutional investors, which could be perceived negatively by the market as it suggests a lack of confidence or a strategic exit from the position. However, it does not provide operational or financial performance details of the company itself.

Negatives

• The reporting of 0% beneficial ownership by these institutional investors suggests a complete divestment of their stake in DT Cloud Acquisition Corp.

Risks

• The filing certifies that the securities were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer, which is a standard declaration for Schedule 13G filings.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the issuer's future operations or financial performance.

Management Comments

• CaSaundra Wu, Chief Compliance Officer of Westchester Capital Management, LLC, certified the information set forth in the statement.
• Chetram Persaud, Chief Compliance Officer of Virtus Investment Advisers, LLC, certified the information set forth in the statement.
• Daphne Chisolm, Vice President, Counsel and Assistant Secretary of The Merger Fund, certified the information set forth in the statement.

Industry Context

This filing is a routine disclosure of beneficial ownership changes by institutional investors, specifically indicating a complete divestment. It does not provide broader industry trends or context beyond the specific ownership stake.

Comparison to Industry Standards

• This Schedule 13G filing reports a change in beneficial ownership to 0% by specific investment entities. It does not contain financial or operational results that can be directly compared to global benchmarks or specific comparable companies or projects.

Stakeholder Impact

• Shareholders: The divestment by these institutional investors could lead to increased selling pressure or a negative sentiment if their previous holdings were significant.
• Investment Professionals: Provides updated information on the institutional ownership structure of DT Cloud Acquisition Corp.

Key Dates

Keywords

DT Cloud Acquisition Corp, Schedule 13G, Beneficial Ownership, Westchester Capital Management, Virtus Investment Advisers, The Merger Fund, Divestment, Institutional Investor, SEC Filing